Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Memiontec Holdings Ltd. ( (SG:TWL) ) has provided an announcement.
Memiontec Holdings Ltd announced that its Executive Director and CEO, Mr. Tay Kiat Seng, has acquired a 13.5% stake in Unity Strength Pte. Ltd. from former Executive Director Mr. Low Kian Beng. This acquisition increases Mr. Tay’s shareholding in Unity Strength to 68.1%, which holds a significant 12% share in Memiontec. The transaction, conducted on a willing buyer willing seller basis, does not trigger disclosure obligations under the Securities and Futures Act, as Unity Strength is not a related corporation of Memiontec. This move could potentially strengthen Mr. Tay’s influence within the company, given Unity Strength’s substantial shareholding in Memiontec.
More about Memiontec Holdings Ltd.
Memiontec Holdings Ltd is a company incorporated in Singapore, operating in the industry of water and wastewater management solutions. The company focuses on providing integrated engineering solutions and services, catering to both municipal and industrial sectors.
YTD Price Performance: 130.0%
Average Trading Volume: 239,298
Technical Sentiment Signal: Sell
Current Market Cap: €17.47M
For an in-depth examination of TWL stock, go to TipRanks’ Stock Analysis page.