Alan Wang of Asdew

SUNPOWER GROUP’S substantial shareholder Artur Jurczakowski has been regularly offloading his shares -- but a Singapore fund, Asdew Acquisitions, has upped its stake in the past year.




Jurczakowski's latest announced disposals took place in February 2013, when he sold 1.4 million shares at an average price of 20 cents on the 5th and 19th. His interest hs dipped below 5%.

Asdew Acquisitions, on the other hand, upped its stake in Sunpower from 3.57% as at 9 March 2012 to 4.29% as at 8 March 2013. Just check out the annual reports.

Asdew Acquisitions is a fund predominantly owned by former Kim Eng director Alan Wang.


In February 2013, Asdew emerged as a cornerstone investor of Mapletree Greater China Commercial Trust, one of the largest ever REIT IPOs in Singapore.

Last month, the fund also took a placement of new shares issued by Sino Grandness Food Industry.

http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6745-sunpower-share-overhang-when-investor-chooses-to-offload-on-open-market


ASDEW ACQUISITION founder Alan Wang has emerged as a substantial shareholder in Memstar Technology with a 5.3% stake after he paid more than a million dollars for Memstar shares this week.

On 6 Jan, he acquired 11.888 million Memstar shares (0.4476% of the issued capital) at about 10 cents each from the open market, bumping up his interest over the 5% threshold that makes shareholding disclosure mandatory.

Memstar’s stock price has rocketed 47% over the past 3 weeks, hitting a high of 11 cents on 6 Jan, the day when Mr Wang made his latest transaction.

Memstar is currently in a supplemental agreement with SGX listed United Envirotech (UEL), which will see UEL acquiring Memstar’s businesses and assets for S$293.4 million.

The acquisition will make the combined entity a vertically integrated water solutions provider with enhanced competitiveness, leveraging on both Memstar’s proprietary membrane technologies and UEL’s strong engineering and marketing capabilities.

http://www.nextinsight.net/index.php/story-archive-mainmenu-60/924-2014/7956-memstar-stamford-tyres-smart-money-moves