Temasek Holdings, the largest shareholder of AEM Holdings, has increased its stake in the semiconductor testing services provider.
On April 7, Temasek, via a subsidiary Venezio, paid $1.63 million for 344,100 AEM shares, which works out to an average of $4.74 each.
This brings Temasek’s total stake to just over 37.2 million shares, or 12.03%, up from 11.91% earlier.
Separately, AEM bought back 26,900 shares on April 11, paying $4.7 each. This brings the total number of shares bought back under the current mandate to around 1.77 million.
Temasek became AEM’s largest shareholder following a placement announced last August where it paid $3.8477 each for 26.8 million new shares for a 9.5% stake.
It has since increased its stake gradually with open market buying like that on April 7.
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Prior to this, on March 9, Temasek paid around $5.65 million for around 1.42 million shares, or around $4 each.
AEM shares closed at $4.73, down 1.25% for the day, and down 9.73% year to date.
