Lee Sui Hee, a substantial shareholder in Tritech Group, accumulated more shares in the company on April 11.

According to an SGX filing dated April 15, Lee accumulated 8 million more shares for $256,000, or 3.2 cents per share via market transaction.

The purchase has brought Lee’s stake in Tritech to 8.11%, from 7.32% previously.

The date of notification to the listed issuer was on April 13.

Tritech, on <a href="https://www.theedgesingapore.com/news/company-news/tritech-receives-unusual-trading-query-sgx-eyes-diversification-water-treatment" target="_blank">April 12</a>, received a query from Singapore Exchange Regulation (SGX RegCo), as its shares surged 11.76% to close at 3.8 cents.

Tritech was also the second most heavily traded counter on the SGX with nearly 110 million shares changed hands, behind Sembcorp Marine’s (SembMarine) 174.8 million shares.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='https://www.theedgesingapore.com/news/company-news/tritech-receives-unusual-trading-query-sgx-eyes-diversification-water-treatment?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Tritech receives unusual trading query from SGX; eyes diversification into water treatment, membrane (update)</a></b></span>

The company had announced, on March 25, that it intends to raise up to $33.8 million from a group of new investors who will take up nearly 742.2 million shares at 3 cents apiece for the first tranche and 5 cents each for the subsequent tranche.

Shares in Tritech closed at a 52-week high of 3.9 cents on April 14, up 0.3 cent or 8.33%. It was the fourth-most active counter, with some 57.2 million shares transacted.

Tritech substantial shareholder raises stake; acquires 8 million shares for $256,000

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Tritech substantial shareholder raises stake; acquires 8 million shares for $256,000

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