Temasek Holdings, AEM Holdings’ largest shareholder, has been steadily adding its stake in the chip tester. The most recent transaction was on April 12, when Temasek, via a subsidiary called Venezio, paid $1.93 million for 403,100 shares. This works out to an average of $4.79 each.
With this transaction, Temasek’s stake in AEM has increased to nearly 37.4 million shares, equivalent to 12.08%, up from 11.95%. Prior to this, on April 7, Venezio paid $1.63 million for 344,100 shares, or $4.74 each. Earlier, on March 16, Venezio paid $1.99 million for 467,600 shares.
Temasek became AEM’s largest shareholder last August, after Venezio invested $103.1 million for 26.8 million new shares via a placement, or $3.8477 each. The placement gave Venezio a stake of 8.678% but Temasek has a couple of other fund management subsidiaries that own smaller pieces of AEM, giving Temasek a total deemed stake of 9.02% then.