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Saizen REIT: Insiders buy.

Monday, August 30, 2010

Mr. Raymond Wong Kin Jeon, a director of Saizen REIT, made open market purchases of 2,584,000 units which bumps up his deemed stake from 1,262,100 units to 3,846,100 units. The units are held under HSBC (Singapore) Nominees Pte. Ltd.

A substantial shareholder, Argyle Street Management Limited, made open market purchases which increased its deemed stake from 166,340,912 units to 175,048,912 units.  Kin Chan, who is the beneficial holder of more than 20% of the issued share capital of Argyle Street Management, increased the stake further to 177,469,217 units.  This is 18.609 % of the issued capital of the REIT.

The percentage figure (after the transaction) is calculated based on Saizen REIT’s total issued 953,657,355 Units as at 27 August 2010. It should also be noted that Saizen REIT has 492,700,062 warrants in issue as at 27 August 2010.

Related post:
Saizen REIT: Better than expected DPU.

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