Lim Ah Cheng, CEO of Dyna-Mac Holdings, has raised his stakeholding in the company after it won a spate of new orders. On May 13, Lim acquired 168,000 Dyna-Mac shares on the open market for $23,856 or 14.2 cents each.
With the purchase, Lim now holds just over 1.98 million shares or 0.193% of the company, up from 0.177% previously.
Dyna-Mac’s single largest shareholder, with a 40.7% stake, is the estate of the late Desmond Lim Tze Jong, who founded the company in 1990. The company’s second-largest shareholder, with a 24.35% stake, is an entity called KS Investments, which is an indirect subsidiary of Keppel Corp.