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Lian Bee Metal increases stake in Union Steel Holdings

Felicia Tan
Felicia Tan • 1 min read
Lian Bee Metal increases stake in Union Steel Holdings
The privately-held company acquired 9,000 shares via the market at $10,241.01 in total or $1.14 per share. Photo: Unsplash
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Lian Bee Metal has increased its stake in Union Steel Holdings yet again on Feb 6.

The privately-held company acquired 9,000 shares via the market at $10,241.01 in total or $1.14 per share.

The move has increased Lian Bee’s stake in Union Steel to 5.7% from 5.67%

Lian Bee first emerged as a substantial shareholder in Union Steel on Sept 4, 2023, when it acquired 43,000 shares at 89.5 cents each. It has been on a consistent buying spree of Union Steel shares since.

Just on Feb 5, Lian Bee bought another 15,000 shares for $17,200.05 or $1.147 apiece. Its stake then, was brought up to 5.67% from 5.64%.

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