On Jun 21, the Malaysian Employees Provident Fund Board&rsquo s (EPF) deemed substantial shareholding in AEM Holdings : AWX -0.8% crossed above the 10.0 per cent threshold with a market transaction that saw 680,300 shares acquired at an average price of S$3.75 per share. This followed on from the EPF&rsquo s deemed substantial shareholding in AEM crossing above the 9.0 per cent threshold on Mar 2.

 

Previously, the EPF&rsquo s deemed substantial shareholding in AEM crossed above the 8.0 per cent threshold in October 2022, and above the 7.0 per cent threshold in July 2022, and above the 6.0 per cent threshold and 5.0 per cent substantial shareholder threshold in June 2022.

 

AEM Holdings celebrated the grand opening of its new manufacturing plant in Penang in January 2023, highlighting that the plant spans over 365,000 square feet for assembly, quality assurance, warehouse, research and development (R& D) lab, and more, to develop advanced testing and handling equipment.

 

The company added that the plant will allow AEM to tap the region&rsquo s growth opportunities and talents and bring its operations closer to existing and new customers. The R& D lab at the Penang plant allows it to enhance its in-house engineering capabilities with a strong focus on delivering technologies and solutions for the next generation semiconductor testing needs.

 

At the Apr 27 AGM, AEM Holdings CEO Chandran Nair talked about the strategic benefits of the company&rsquo s operations in Penang, particularly its robust supply chain ecosystem that aligns with the company&rsquo s requirements, enabling it to effectively address operational demands, especially during periods of scaling up.

 

The deemed substantial shareholding of abrdn plc in AEM Holdings also crossed the 9.0 per cent threshold on Jun 21, after crossing the 8.0 per cent level on Mar 2.

 

AEM Holdings noted on May 11 that the group&rsquo s visibility remains limited into the second half of 2023, but there is a flicker of positive signs across the industry. It added that inventory levels are falling, and inventory corrections are expected to conclude in late 2023, early 2024.

 

The group also highlighted that technology nodes are continuing to advance as two of the world&rsquo s most advanced foundries are forecasting new process nodes to be up and generating revenue in the second half of 2023, which, in turn is expected to drive demand for new test capability.

 

Union Steel Holdings

Between Jun 22 and 27, Union Steel Holdings : BLA +5.06% executive director Ang Yew Chye acquired 102,200 shares at an average price of S$0.781 per share.

 

With a consideration of S$79,839 this increased his direct interest in the multi-business investment holding company from 10.44 per cent to 10.70 per cent.

 

Ang is the co-founder of the group and was appointed as executive director in August 2004.

 

He is responsible for the day-to-day operations and management of the companies and has more than 30 years of experience in the scrap metal recycling business.

 

Union Steel Holdings maintains three primary business drivers &ndash metals, scaffolding and engineering.

 

For its H1FY23 (ended Dec 31), the group&rsquo s revenue increased by 36 per cent or S$14.1 million from H1FY22, mainly attributable to the growth in the scaffolding and engineering segments.

On Jun 21, the Malaysian Employees Provident Fund Board&rsquo s (EPF) deemed substantial shareholding in AEM Holdings : AWX -0.8% crossed above the 10.0 per cent threshold with a market transaction that saw 680,300 shares acquired at an average price of S$3.75 per share. This followed on from the EPF&rsquo s deemed substantial shareholding in AEM crossing above the 9.0 per cent threshold on Mar 2.

 

Previously, the EPF&rsquo s deemed substantial shareholding in AEM crossed above the 8.0 per cent threshold in October 2022, and above the 7.0 per cent threshold in July 2022, and above the 6.0 per cent threshold and 5.0 per cent substantial shareholder threshold in June 2022.

 

AEM Holdings celebrated the grand opening of its new manufacturing plant in Penang in January 2023, highlighting that the plant spans over 365,000 square feet for assembly, quality assurance, warehouse, research and development (R& D) lab, and more, to develop advanced testing and handling equipment.

 

The company added that the plant will allow AEM to tap the region&rsquo s growth opportunities and talents and bring its operations closer to existing and new customers. The R& D lab at the Penang plant allows it to enhance its in-house engineering capabilities with a strong focus on delivering technologies and solutions for the next generation semiconductor testing needs.

 

At the Apr 27 AGM, AEM Holdings CEO Chandran Nair talked about the strategic benefits of the company&rsquo s operations in Penang, particularly its robust supply chain ecosystem that aligns with the company&rsquo s requirements, enabling it to effectively address operational demands, especially during periods of scaling up.

 

The deemed substantial shareholding of abrdn plc in AEM Holdings also crossed the 9.0 per cent threshold on Jun 21, after crossing the 8.0 per cent level on Mar 2.

 

AEM Holdings noted on May 11 that the group&rsquo s visibility remains limited into the second half of 2023, but there is a flicker of positive signs across the industry. It added that inventory levels are falling, and inventory corrections are expected to conclude in late 2023, early 2024.

 

The group also highlighted that technology nodes are continuing to advance as two of the world&rsquo s most advanced foundries are forecasting new process nodes to be up and generating revenue in the second half of 2023, which, in turn is expected to drive demand for new test capability.

 

Union Steel Holdings

Between Jun 22 and 27, Union Steel Holdings : BLA +5.06% executive director Ang Yew Chye acquired 102,200 shares at an average price of S$0.781 per share.

 

With a consideration of S$79,839 this increased his direct interest in the multi-business investment holding company from 10.44 per cent to 10.70 per cent.

 

Ang is the co-founder of the group and was appointed as executive director in August 2004.

 

He is responsible for the day-to-day operations and management of the companies and has more than 30 years of experience in the scrap metal recycling business.

 

Union Steel Holdings maintains three primary business drivers &ndash metals, scaffolding and engineering.

 

For its H1FY23 (ended Dec 31), the group&rsquo s revenue increased by 36 per cent or S$14.1 million from H1FY22, mainly attributable to the growth in the scaffolding and engineering segments.