Controlling shareholders of Megachem and RE & S top up respective stakes

The Edge Singapore
The Edge Singapore 9/9/2021 1:50 PM GMT+08  • 3 min read
Controlling shareholders of Megachem and RE & S top up respective stakes
Megachem's strategy is to have diversification in terms of customer base as well as supply sources
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Sidney Chew Choon Tee, managing director of chemicals distributor Megachem, on Sept 3 acquired 35,000 shares of the company for 42 cents each. With the purchase, Chew raised his direct stake to around 46.8 million or 35.093%, from 35.067% previously.

In addition, Chew’s wife, Liau Bin Bin, holds her own stake of 444,296 shares or 0.333%, which counts as Chew’s deemed stake. With that, he has a total interest of 47.2 million shares or 35.426%.

Before the latest transaction, Chew had on June 9 and April 12 acquired 2,000 shares for 42 cents each and 18,000 shares for 40 cents each respectively.

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