Thursday, January 14, 2016

QAF #35 - Change in Interest of Director - Lin Kejian

Mr Lin Kejian, QAF's Deputy Managing Director and the son of Mr Andree Halim (the biggest shareholder of QAF Limited), has been granted the Option to purchase 47,877,758 QAF shares from Mr Didi Dawis, Chairman of QAF Limited, for S$55 million, or S$1.148 per share,

S$55,000,000 / 47,877,758 shares = S$1.148 per share

The Option expires on 31 March 2019.


Announcements on the SGX:

Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Lin Kejian

Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Disclosure of Deemed Interests - Substantial Shareholder

Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Didi Dawis


Officially,once the Option is exercised, the Salim Group, held under the names of Mr Andree Halim, Mr Anthoni Salim, and Mr Lin Kejian, will control about 70% of QAF Limited. And, this makes the privatization of QAF Limited increasingly more likely.

Personally, I don't wish to see QAF Limited being privatized.