SINGAPORE (13 Dec): The controlling shareholder of Hai Leck Holdings has been increasing his stake in the industrial engineering company since end-November. In his most recent purchase on Dec 10, Cheng Buck Poh, the company’s founder and executive chairman, bought 99,500 shares at 52.5 cents each. This brings his direct stake in the company from 95.6 million shares to 95.7 million shares, or 46.53%.

In addition, Cheng has a deemed interest in 78 million ordinary shares, accounting for a 37.92% stake. This is by virtue of his 31.68% ownership of his family-owned investment company, Cheng Capital Holdings, which holds the said shares. Combined, Cheng’s total stake in Hai Leck Holdings has increased from 84.4% to 84.45%.

Cheng had purchased 18,600 shares at 49 cents each on Nov 26. A day later, he bought 84,400 shares at 52 cents each. 

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