Temasek increases stake in AEM Holdings with open market buying of 1.42 mil shares at around $4 each

With that Venezio has increased the number of AEM shares held to 30,998,500, or 10.02%, from 9.56%.

Temasek has a deemed interest in additional AEM shares held via another entity SeaTown Holdings, which is run separately. Its total deemed interest is now 31,814,600 shares, or 10.29%, up from 9.83%.

Temasek become AEM’s largest shareholder in September following its investment of $103.1 million via placement of 26.8 million new shares at $3.8477 each.

AEM shares closed at $4.11 on March 9, up 1.99%, but down 21.56% year to date.