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ValueMax Group Ltd. ( (SG:T6I) ) has provided an update.
ValueMax Group’s executive chairman, Yeah Hiang Nam, and his spouse have sold 34.8 million shares via a block trade at S$1.16 per share, a 6.5% discount to the last close, to a pool of long-only institutional investors. Despite the sale, the couple still controls 81.53% of the company’s share capital and has agreed to a 90-day lock-up, underscoring their stated commitment and confidence in the business.
The transaction aims to diversify and institutionalise ValueMax’s shareholder base, broaden minority representation, and improve trading liquidity and free float, which may help the stock qualify for benchmarks such as the iEdge Singapore Next 50 Index. As the deal involves only existing vendor shares, it does not dilute current shareholders, while also reinforcing governance clarity around related-party interests within the controlling family and associated entities.
The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.
More about ValueMax Group Ltd.
ValueMax Group Ltd. is a Singapore-based company listed on the SGX-ST, with its controlling shareholders holding a significant majority stake through direct and deemed interests. The group operates through subsidiaries and associated companies, and its shares are closely held by the founding family and related entities, with a focus on expanding its institutional investor base.
Average Trading Volume: 518,340
Technical Sentiment Signal: Buy
Current Market Cap: S$1.21B
Learn more about T6I stock on TipRanks’ Stock Analysis page.