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A substantial shareholder of Saizen REIT, V-Nee Yeh, increased deemed interest in Saizen REIT from 20.201 % to 21.976 % (209,572,352 units). This is a consequence of the open market purchase of units by ASM Hudson River Fund, ASM Asia Recovery (Master) Fund and HC Capital Limited.
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Chang Sean Pey, CEO of Saizen REIT, converted 842,000 warrants into 842,000 new units. He now holds 2,200,000 units of Saizen REIT. This is 0.23% of total issued capital.
The percentage figure of issued share capital (after the transaction) was calculated based on Saizen REIT’s total issued 956,304,205 units as at 30 August 2010. It should also be noted that Saizen REIT had 490,053,212 warrants outstanding as at 30 August 2010.
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