Memiontec CEO Increases Stake in Key Shareholder Unity Strength

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

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