Lion Global lifts Valuetronics stake as OCBC crosses 5% threshold
What's the deal? Lion Global InvestorsDealroom has a profile for this one. Try Dealroom → acquired 180,600 Valuetronics HoldingsDealroom has a profile for this one. Try Dealroom → shares at an average US$0.82 each on July 24, lifting its deemed interest from 19.7 million shares (4.83%) to 19.88 million shares (4.88%). The purchase also raised OCBCDealroom has a profile for this one. Try Dealroom →'s deemed interest from 4.98% to 5.02%, or 20.49 million shares, making the bank a substantial shareholder.
What's the context? Valuetronics is an SGX-listed electronics manufacturing group. The Lion Global move was among five substantial-shareholder acquisitions filed across five sessions, against just one disposal.
Why now? At Valuetronics' annual general meeting on July 27, management outlined plans to return about US$36.3M of surplus cash to shareholders over FY2027 and FY2028 through special dividends and share buybacks. US$7.98M has been earmarked for the FY2026 special dividend, and not less than US$9.67M is set for the initial buyback programme.
Who else is buying? Amova Asset ManagementDealroom has a profile for this one. Try Dealroom → Asia emerged as a substantial shareholder in March after crossing the 5% threshold, then raised its interest to 6.11% in April and 7.15% in May, equivalent to 29.31 million shares.
The signal: Institutional buyers are accumulating Valuetronics as the company prepares a sizeable capital return, with multiple asset managers and a bank now above or near the substantial-shareholder line — a sign of growing confidence in the stock ahead of the payouts.
Read more: The Business Times
