According to APS’s 2021 annual report, Oei holds 6.37 billion shares, equivalent to a stake of 35.76%. The second largest shareholder, holding 7.98%, is Toh Soon Huat. Chairman and CEO Choo Yeow Ming holds a direct stake of 4.98% and a deemed interest of another 1.98%.
Hotel operator Asia-Pacific Strategic Investments (APS) is planning a reverse takeover of personal finance portal MoneySmart in a deal valued at US$161.7 million ($219.3 million).
APS, which is controlled by tycoon Oei Hong Leong, used to be called China Real Estate Group. It now runs a hotel in China and is eyeing the ageing market in China for its other projects.
