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Yeo Hiap Seng Bumps up Vitasoy Stake to 4% With HK$133.8 Million Share Purchase
Yeo Hiap Seng Boosts Investment in Quoted Securities
Hong Kong stocks unusual movement: Vitasoy rose nearly 6%, receiving a shareholding from Yeo Hiap Seng together with descendants of the Shinwa family.
Oct. 10 Glonhui | Vitasoy Int'l (0345.HK) rose nearly 6% to 6.4 HKD during trading hours. On the news front, according to disclosure documents by HKEX, a family office controlled by Yeo Hiap Seng's brother Huang Zhixiang, along with Yeo Hiap Seng-controlled Singaporean beverage company, together declared a stake of over 5% in Vitasoy Int'l for the first time. However, at the same time, Mitsubishi UFJ Financial Group, a Japanese shareholder of Vitasoy, disclosed shareholding reduction. Yeo Hiap Seng is associated with Far East Organization managed by Huang Zhixiang. Disclosure further indicates that Yeo Hiap Seng, along with Huang Zhixiang and his mother
Yeo Hiap Seng increased its shareholding in Vitasoy Int'l (00345.HK) by over 0.1 billion yuan, acquiring nearly 17.6 million shares.
Singaporean beverage company Yeo Hiap Seng (Yeo's) disclosed that this month, through its subsidiary YHS Investment, it has accumulated a purchase of 17.598 million shares of Vitasoy Int'l (00345.HK), at an average price of 5.8849 yuan per share, equivalent to 1.64% of Vitasoy Int'l's issued shares, with a total price of 0.1036 billion yuan. The company currently holds 2.04% equity in Vitasoy Int'l. The company stated that the purchase of these shares aligns with its strategy of investing in leading enterprises in the Asian industry, particularly given the company's exposure to the packaged beverage markets in Mainland China and Hong Kong. The company also mentioned that it will consider further investments from time to time.
Yeo Hiap Seng Boosts Shareholding in Vitasoy International
Yeo Hiap Seng's Chief Research and Development Officer to Step Down
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