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Alliance Healthcare chairman, Multi-Chem CEO raise stakes in respective companies

The Edge Singapore
The Edge Singapore10/28/2021 02:14 PM GMT+08  • 3 min read
Alliance Healthcare chairman, Multi-Chem CEO raise stakes in respective companies
On Sept 22, Alliance Healthcare completed the acquisition of SGIMED
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Dr Barry Thng Lip Mong, chairman and executive director of Alliance Healthcare Group, has increased his stake in the company.

On Oct 21, Thng acquired 1.15 million shares for $218,500 in a married deal. This raised his personal stake to some 8.58 million shares or a stake of 4.13%, up from 3.57% previously.

In addition, an entity called Alpine Investment Holdings, also holds an indirect stake of 133.45 million shares or 64.19% on behalf of Thng. As a result, Thng’s total stake in the company has reached just over 142 million shares or 68.32%, up from 67.76% previously.

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