Weekly Inflows: CLAS, CLINTMPL & MLT directors raise stake
The five trading sessions saw more than 50 director interests and substantial shareholdings filed for 30 primary-listed stocks. Directors or CEOs filed 14 acquisitions, and no disposals, while substantial shareholders filed five acquisitions and five disposals.
1. $CapLand Ascott T(HMN.SI)$
CapitaLand Ascott Trust (CLAS) is a stapled group consisting of CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust. CLAS is the largest lodging trust in Asia Pacific with an asset value of S$8.8 billion as at Dec 31. CLAS is managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte Ltd (the CLAS Managers), both of which are wholly owned subsidiaries of CapitaLand Investment.
On Feb 3, both the Chairman and CEO of the CLAS Managers increased their direct interest in the stapled trust. Chairman and Non-Executive Independent Director Lui Chong Chee acquired 1 million stapled securities at an average price of S$0.893 per unit, increasing his direct interest from 0.03% to 0.05%t. On the same day, CEO and Executive Non-Independent Director Serena Teo Joo Ling acquired 500,000 stapled securities at S$0.895 per unit, increasing her direct interest from 0.01% to 0.02%t.
2. $CapLand India T(CY6U.SI)$
CapitaLand India Trust Management Pte Ltd (CLINTMPL) is the trustee-manager of CapitaLand India Trust (“CLINT”). As of Dec 31, CLINT's assets under management totaled S$3.7 billion. On Feb 5, CLINTMPL Chairman & Non-Executive Non-Independent Director Manohar Khiatani acquired 500,000 units at S$1.03 per unit
This was Mr Khiatani’s first acquisition since he was appointed Chairman of CLINTMPL in Jan 2023. He previously held several senior leadership roles, including Senior Executive Director at CapitaLand Group, Deputy Group CEO at Ascendas-Singbridge, President & CEO at Ascendas, and CEO at JTC Corporation. Additionally, he held various roles at the Economic Development Board.
3. $Mapletree Log Tr(M44U.SI)$
Mapletree Logistics Trust (MLT) is managed by Mapletree Logistics Trust Management Ltd (MLTML), a wholly owned subsidiary of Mapletree Investments Pte Ltd. MLT invests in a diversified portfolio of quality, well-located, income producing logistics real estate in Singapore, Australia, China, Hong Kong, India, Japan, Malaysia, South Korea and Vietnam.
On Jan 31, MLTML non-executive chairman and director Lee Chong Kwee acquired 100,000 units of the REIT at S$1.21 per unit. This increased his direct interest in MLT to 300,000 units. His preceding acquisition was on Jul 30, with 134,000 units of the REIT at S$1.31 per unit.
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- EraGrowth_Wealth·02-10helpful and timely information[Miser]LikeReport