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Quotes Updated End Of Day
Updated: 24 Apr 2017
SGX Symbol: D1R Currency: SGD
Last Done: 1.775 Volume ('000): -
Change: - % Change: -
Day's Range: - 52 Weeks' Range: 1.170 - 1.780
Announce Date [Date of Effective Change] Buyer/ Seller Name [Type*] S/ W/ U ** Bought/ (Sold) ('000) Price ($) After Trade Note
No. of Shares ('000) *** % Held ***
13/04/17
[12/04/17]
Burgeon Force Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Cheung Kong Property Holdings Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Mighty State Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Novel Trend Holdings Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Paola Holdings Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Wealthman Group Limited [SSH] S/U (78,186)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of Securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$139,170,268, of which S$21,309,840 was paid in cash and the remaining S$117,860,428 was utilised to subscribe for 117,860,428 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up ordinary shares in the capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Accordingly, ARA has become a wholly-owned subsidiary of BidCo and a wholly-owned indirect subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, a transfer of 78,185,544 shares in ARA from Wealthman Group Limited ("WGL") to BidCo, in exchange for cash and shares in HoldCo. Accordingly, following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), WGL has ceased to have any direct interest in ARA shares. As WGL does not hold more than 20 per cent. of the voting rights of HoldCo and does not have a controlling interest in HoldCo, WGL also does not have any deemed interest in BidCo's ARA shares. Relationship between Substantial Shareholders WGL is a wholly-owned subsidiary of Burgeon Force Limited which in turn is a wholly-owned subsidiary of Paola Holdings Limited. Paola Holdings Limited is a wholly-owned subsidiary of Novel Trend Holdings Limited which in turn is a wholly-owned subsidiary of Mighty State Limited. Mighty State Limited is a wholly-owned subsidiary of Cheung Kong Property Holdings Limited. Accordingly, Burgeon Force Limited, Paola Holdings Limited, Novel Trend Holdings Limited, Mighty State Limited and Cheung Kong Property Holdings Limited were deemed interested in the 78,185,544 shares in ARA held by WGL before the transfer of the shares to BidCo.
13/04/17
[12/04/17]
Aequitas Pte. Ltd. [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Dr Tan Kheng Lian [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Grange Investment Holdings Private Limited [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Kambau Pte. Ltd. [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Raffles Investments Limited [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Siong Lim Private Limited [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Tan Chin Tuan Pte. Ltd. [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Tecity Pte. Ltd [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
The Cairns Pte. Ltd. [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), SE1 and SE2 (which are both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo for an aggregate consideration of S$356,857,960, of which S$48,210,963 was paid in cash and the remaining S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (One) Pte. Ltd. ("SE1"), in exchange for cash and shares in HoldCo; and (ii) a transfer of 100,241,000 shares in ARA from Straits Equities Holdings (Two) Pte. Ltd. ("SE2"), in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Straits Trading Company Limited ("STC") holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. The Cairns Pte. Ltd. ("Cairns") holds more than 50 per cent. of the voting rights of STC. By virtue of this, through STC, SE1 and HoldCo, Cairns has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Each of Raffles Investments Limited ("Raffles"), Siong Lim Private Limited ("Siong Lim") and Tecity Pte. Ltd ("Tecity") holds not less than 20 per cent. of the voting rights of Cairns. By virtue of this, through Cairns, STC, SE1 and HoldCo, each of Raffles, Siong Lim and Tecity has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aequitas Pte. Ltd. ("Aequitas") holds more than 50 per cent. of the voting rights of Raffles. By virtue of this, through Raffles, Cairns, STC, SE1 and HoldCo, Aequitas has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Kambau Pte. Ltd. ("Kambau") holds not less than 20 per cent. of the voting rights of Aequitas. By virtue of this, through Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Kambau has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Grange Investment Holdings Private Limited ("Grange") holds more than 50 per cent. of the voting rights of Kambau. By virtue of this, through Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, Grange has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Tan Chin Tuan Pte. Ltd. ("TCT") holds more than 50 per cent. of the voting rights of Grange. By virtue of this, through Grange, Kambau, Aequitas, Raffles, Cairns, STC, SE1 and HoldCo, TCT has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Dr Tan Kheng Lian holds more than 50 per cent. of the voting rights of Tecity. By virtue of this, through Tecity, Cairns, STC, SE1 and HoldCo, Dr Tan Kheng Lian has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
The Straits Trading Company Limited ("STC") [SSH] S/U 796,796  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document), Straits Equities Holdings (One) Pte. Ltd. ("SE1") and Straits Equities Holdings (Two) Pte. Ltd. ("SE2") (both wholly-owned subsidiaries of STC) transferred 200,482,000 ARA shares to BidCo (defined below) for S$356,857,960, of which S$48,210,963 was paid in cash and S$308,646,997 was utilised to subscribe for 308,646,997 shares in HoldCo (defined below). SE2 nominated SE1 to receive SE2's shares in HoldCo to which it is entitled under the Rollover Agreement. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from SE1, in exchange for cash and shares in Holdco; and (ii) a transfer of 100,241,000 shares in ARA from SE2, in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's 154,323,499 shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following the completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. STC holds more than 50 per cent. of the voting rights of SE1. By virtue of this, through SE1 and HoldCo, STC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Straits Equities Holdings (Two) Pte. Ltd. ("SE2") [SSH] S/U (100,241)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$178,428,980, of which S$24,105,481 was paid in cash and the remaining S$154,323,499 was utilised to subscribe for 154,323,499 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). SE2 nominated Straits Equities Holdings (One) Pte. Ltd. to receive the 154,323,499 shares in HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
13/04/17
[12/04/17]
Straits Equities Holdings (One) Pte. Ltd. ("SE1") [SSH] S/U 897,037  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), SE1 transferred 100,241,000 shares in ARA to Athena Investment Company (Cayman) Limited for an aggregate consideration of S$178,428,980, of which S$24,105,482 was paid in cash and S$154,323,498 was utilised to subscribe for 154,323,498 shares in Athena Investment Company (Singapore) Pte. Limited ("Holdco"). Straits Equities Holdings (Two) Pte. Ltd. ("SE2") has nominated SE1 to receive SE2's 154,323,499 shares in Holdco. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of HoldCo. The transfer of the Rollover Shares included, amongst others, (i) a transfer of 100,241,000 shares in ARA from SE1, in exchange for cash and shares in Holdco; and (ii) a transfer of 100,241,000 shares in ARA from SE2, in exchange for cash and shares in HoldCo. SE2 has nominated SE1 to receive SE2's shares in HoldCo to which it is entitled pursuant to the Rollover Agreement (as defined in the Scheme Document). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. SE1 holds more than 20 per cent. of the voting rights of HoldCo. By virtue of this, through HoldCo, SE1 has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
AVIC Capital Co., Ltd [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
AVIC Trust Co., Ltd. [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
AVICT Dragon Holdings Limited [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
AVICT Phoenix Holdings Limited [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
Aviation Industry Corporation of China [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
China Aviation Investment Holdings Co., Ltd. [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AVICT Dragon subscribed for 301,722,693 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$301,722,693. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document") and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, the HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders AVICT Dragon Holdings Limited ("AVICT Dragon") holds more than 20 per cent. of the voting rights of the HoldCo. By virtue of this, through HoldCo, AVICT Dragon has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVICT Phoenix Holdings Limited ("AVICT Phoenix") holds more than 50 per cent. of the voting rights of AVICT Dragon. By virtue of this, through AVICT Dragon and the HoldCo, AVICT Phoenix has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Trust Co., Ltd. ("AVIC Trust") holds more than 50 per cent. of the voting rights of AVICT Phoenix. By virtue of this, through AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Trust has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. China Aviation Investment Holdings Co., Ltd ("China Aviation") holds more than 50 per cent. of the voting rights of AVIC Trust. By virtue of this, through AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, China Aviation has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC Capital Co., Ltd ("AVIC Capital") holds more than 50 per cent. of the voting rights of China Aviation. By virtue of this, through China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC Capital has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Aviation Industry Corporation of China ("AVIC") holds more than 20 per cent. of the voting rights of AVIC Capital. By virtue of this, through AVIC Capital, China Aviation, AVIC Trust, AVICT Phoenix, AVICT Dragon and the HoldCo, AVIC has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. AVIC is wholly-owned by the Central State-Owned Assets Supervision and Administration Commission of the People's Republic of China.
13/04/17
[12/04/17]
Alexandrite Gem Holdings Limited [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AGHL subscribed for 452,584,039 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$452,584,039. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders 1. Alexandrite Gem Holdings Limited ("AGHL") holds more than 20 per cent. of the voting rights of HoldCo. By virtue of Section 4(5) of the Securities and Futures Act (Chapter 298 of Singapore), through HoldCo, AGHL has a deemed interest in 600,000 shares in the ARA. 2. AGHL is wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC ("WP LLC"), a New York limited liability company. 3. Warbug Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds. 4. WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP. 5. Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global. 6. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II. 7. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC. 8. Charles R. Kaye and Joseph P. Landy are each U.S. Citizens and Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Charles R. Kaye and Joseph P. Landy disclaim beneficial ownership of all shares held by the Warburg Pincus entities.
13/04/17
[12/04/17]
WP Global LLC [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AGHL subscribed for 452,584,039 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$452,584,039. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders 1. Alexandrite Gem Holdings Limited ("AGHL") holds more than 20 per cent. of the voting rights of HoldCo. By virtue of Section 4(5) of the Securities and Futures Act (Chapter 298 of Singapore), through HoldCo, AGHL has a deemed interest in 600,000 shares in the ARA. 2. AGHL is wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC ("WP LLC"), a New York limited liability company. 3. Warbug Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds. 4. WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP. 5. Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global. 6. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II. 7. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC. 8. Charles R. Kaye and Joseph P. Landy are each U.S. Citizens and Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Charles R. Kaye and Joseph P. Landy disclaim beneficial ownership of all shares held by the Warburg Pincus entities.
13/04/17
[12/04/17]
Warburg Pincus & Co. [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AGHL subscribed for 452,584,039 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$452,584,039. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders 1. Alexandrite Gem Holdings Limited ("AGHL") holds more than 20 per cent. of the voting rights of HoldCo. By virtue of Section 4(5) of the Securities and Futures Act (Chapter 298 of Singapore), through HoldCo, AGHL has a deemed interest in 600,000 shares in the ARA. 2. AGHL is wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC ("WP LLC"), a New York limited liability company. 3. Warbug Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds. 4. WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP. 5. Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global. 6. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II. 7. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC. 8. Charles R. Kaye and Joseph P. Landy are each U.S. Citizens and Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Charles R. Kaye and Joseph P. Landy disclaim beneficial ownership of all shares held by the Warburg Pincus entities.
13/04/17
[12/04/17]
Warburg Pincus Partners GP LLC [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AGHL subscribed for 452,584,039 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$452,584,039. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders 1. Alexandrite Gem Holdings Limited ("AGHL") holds more than 20 per cent. of the voting rights of HoldCo. By virtue of Section 4(5) of the Securities and Futures Act (Chapter 298 of Singapore), through HoldCo, AGHL has a deemed interest in 600,000 shares in the ARA. 2. AGHL is wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC ("WP LLC"), a New York limited liability company. 3. Warbug Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds. 4. WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP. 5. Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global. 6. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II. 7. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC. 8. Charles R. Kaye and Joseph P. Landy are each U.S. Citizens and Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Charles R. Kaye and Joseph P. Landy disclaim beneficial ownership of all shares held by the Warburg Pincus entities.
13/04/17
[12/04/17]
Warburg Pincus Partners II, L.P. [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
Pursuant to the Rollover Agreement (as defined in the Scheme Document dated 28 February 2017), AGHL subscribed for 452,584,039 shares in Athena Investment Company (Singapore) Pte. Limited ("HoldCo") at a subscription price of S$1 for each HoldCo share, for an aggregate subscription price of S$452,584,039. ARA is a wholly-owned indirect subsidiary of the HoldCo. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Acquisition of ARA Asset Management Limited by Athena Investment Company (Cayman) Limited Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. Relationship between Substantial Shareholders 1. Alexandrite Gem Holdings Limited ("AGHL") holds more than 20 per cent. of the voting rights of HoldCo. By virtue of Section 4(5) of the Securities and Futures Act (Chapter 298 of Singapore), through HoldCo, AGHL has a deemed interest in 600,000 shares in the ARA. 2. AGHL is wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC ("WP LLC"), a New York limited liability company. 3. Warbug Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds. 4. WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP. 5. Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global. 6. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II. 7. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC. 8. Charles R. Kaye and Joseph P. Landy are each U.S. Citizens and Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Charles R. Kaye and Joseph P. Landy disclaim beneficial ownership of all shares held by the Warburg Pincus entities.
13/04/17
[12/04/17]
Athena Investment Company (Cayman) Limited [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
By way of the Scheme and Rollover Agreement as set out in the Scheme Document dated 28 February 2017 Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$1,775,155,354.42 in cash Immediately after the transaction
No. of ordinary voting shares/units held: 997278289 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 100.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
Athena Investment Company (Singapore) Pte. Limited [SSH] S/U 997,278  - 997,278 100.00 Note
Remarks
By way of the Scheme and Rollover Agreement as set out in the Scheme Document dated 28 February 2017 Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$1,775,155,354.42 in cash Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 997278289 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 100.00000000 (Deemed Interest)
Pursuant to the Scheme (as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")) and the transfer of the Rollover Shares (as defined in the Scheme Document), Athena Investment Company (Cayman) Limited ("BidCo") has acquired 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA. BidCo is a wholly-owned subsidiary of Athena Investment Company (Singapore) Pte. Limited ("HoldCo"). Following completion of the Scheme and the Rollover Agreement (as defined in the Scheme Document), ARA has become a wholly-owned subsidiary of BidCo. As the HoldCo holds 100 per cent. of the voting rights of BidCo, HoldCo has a deemed interest in 997,278,289 shares in ARA, representing 100 per cent. of the issued and paid-up share capital of ARA.
13/04/17
[12/04/17]
JL Investment Group Limited [SSH] S/U (182,433)  - NA NA Note
Remarks
Circumstance giving rise to the interest or change in interest: Disposal of securities via off-market transaction Amount of consideration received by Substantial Shareholder (excluding brokerage and stamp duties): S$324,730,628, of which S$32,289,440 was paid in cash and the remaining S$292,441,188 was utilised to subscribe for 292,441,188 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
13/04/17
[12/04/17]
Matthews International Capital Management, LLC [SSH] S/U,OTH (50,030)  1.780 NA NA Note
Remarks
Type of securities which are subject of the transaction Pursuant to the Scheme as set out in the Scheme Document issued by ARA Asset Management Limited dated Feb. 28, 2017. Acceptance of take-over offer for Listed Issuer Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 89,053,599.36 SGD Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Cessation of substantial ownership is due to a third-party acquisition of all the issued and paid up ordinary shares of ARA at a price of 1.78 SGD/share.
13/04/17
[11/04/17]
Franklin Resources, Inc. [SSH] S/U (66,807)  - NA NA Note
Remarks
Pursuant to the Scheme, as set out in the Scheme Document issued by ARA Asset Management Limited, dated 28 February 2017. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 118,916,317.60 SGD Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Tender of shares in relation to the acquisition by Athena Investment Company (Cayman) Limited.
13/04/17
[11/04/17]
Franklin Templeton Institutional, LLC [SSH] S/U (66,807)  - NA NA Note
Remarks
Pursuant to the Scheme, as set out in the Scheme Document issued by ARA Asset Management Limited, dated 28 February 2017. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 118,916,317.60 SGD Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Tender of shares in relation to the acquisition by Athena Investment Company (Cayman) Limited. Franklin Templeton Institutional, LLC is a wholly owned subsidiary of Franklin Resources, Inc. As discussed on the SGX, on December 5, 2016, Franklin Templeton Institutional, LLC, as investment manager on behalf of certain funds and accounts, (the "Undertaking Shareholder"), has given an irrevocable undertaking to the Offeror (the "Deed of Undertaking").
13/04/17
[11/04/17]
Colin Stevens Russel [DIR] S/U (22)  1.780 NA NA Note
Remarks
Pursuant to the Scheme as set out in the Scheme Document issued by ARA Asset Management Limited dated 28 February 2017. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
The percentages of total number of voting shares are calculated based on 997,278,289 shares.
13/04/17
[11/04/17]
Lim How Teck [DIR] S/U (838)  1.780 NA NA Note
Remarks
Pursuant to the Scheme as set out in the Scheme Document issued by ARA Asset Management Limited dated 28 February 2017. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
The percentages of total number of voting shares are calculated based on 997,278,289 shares.
13/04/17
[11/04/17]
Lee Yock Suan [DIR] S/U (86)  1.780 NA NA Note
Remarks
Pursuant to the Scheme as set out in the Scheme Document issued by ARA Asset Management Limited dated 28 February 2017. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
The percentages of total number of voting shares are calculated based on 997,278,289 shares.
13/04/17
[12/04/17]
Lim Hwee Chiang [DIR] S/U (190,229)  - NA NA Note
Remarks
6,368,254 ARA shares held directly by Mr Lim and 1,427,800 held by JL Philanthropy Ltd were disposed pursuant to the Scheme as set out in the Scheme Document issued by ARA dated 28 February 2017, at a consideration of S$1.78 per share. 182,432,937 ARA shares held by JL Investment Group Limited were disposed via an off-market transaction for S$324,730,628, of which S$32,289,440 was paid in cash and the remaining S$292,441,188 was utilised to subscribe for 292,441,188 shares in Athena Investment Company (Singapore) Pte. Limited. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Prior to the completion of the Scheme and the Rollover Agreement (both as defined in the Scheme Document issued by ARA dated 28 February 2017 (the "Scheme Document")): (a) Mr Lim Hwee Chiang had an indirect interest in the 182,432,937 ARA shares of JL Investment Group Limited("JLIG") held in a sub-account with Citibank Nominees Singapore Pte Ltd. JLIG is wholly-owned by Mr Lim Hwee Chiang. These shares have been transferred to Athena Investment Company (Cayman) Limited ("BidCo") pursuant to the Rollover Agreement (as defined in the Scheme Document). (b) Mr Lim Hwee Chiang was also deemed interested in the 1,427,800 shares of JL Philanthropy Ltd held in a sub-account with Citibank Nominees Singapore Pte Ltd. The beneficiary of JL Philanthropy Ltd is JL Charitable Settlement and Mr Lim Hwee Chiang is the settlor of JL Charitable Settlement. These shares have been transferred to BidCo pursuant to the Scheme (as defined in the Scheme Document). The percentages of total number of voting shares are calculated based on 997,278,289 shares.
20/03/17
[16/03/17]
Franklin Resources, Inc. [SSH] S/U (4,479)  - 68,244 6.84 Note
Remarks
Disposal of Securities via market transaction Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 7,873,040 SGD Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 68243920 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.84000000 (Deemed Interest)
Disposal of shares by funds and managed accounts that are managed by investment advisers directly or indirectly owned by Franklin Resources, Inc.
* DIR - Director (include Directors of related companies)
SSH - Substantial Shareholder
COY - Company Share Buyback
** S - Shares
W - Warrants
U - Units
R - Rights
*** Direct & Deemed Interests

Note

  1. Only trades by directors, substantial shareholders and company share buy back are included in Insider Trades.

Source: ShareInvestor