Viking -15%, Artivision -22%, United Envirotech -10% since 12 May. There is no recent corporate devt that triggered the selloff but the common thread running through is that well connected fund mgr, Andy Lim holds stakes in all 3 companies, either directly or indirectly via funds managed by Tembusu Partners. Tembusu counts Yeo Cheow Tong & Tan Kim Seng among its shareholders.
In a circular dated 12 May, Tan Kim Seng disclosed that he sold off his entire stake in Tembusu Growth Fund, which owns a 11.6% stake in Artivison.
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