Dennis Au, Frencken Group's president, has taken advantage of the recent gains in the company's share price to trim his stake.
On April 7, Au sold 70,000 shares for $150,500, or $2.15 each.
Following this sale, Au retains 4,717,000 shares, equivalent to 1.1% of the company.
Prior to Au's selling, Gooi Soon Chai, the company's non-executive chairman, has already seen his deemed interests trimmed following some selling by his family, including most recently, 5,000 shares on March 26, leaving him with a stake of 23.77%.
Year to date, Frencken shares have gained 52.11% to close at $2.16 on April 7.
Au's selling comes just days after fund manager Amova Asset Management emerged as a substantial shareholder after additional open market buying.
See also: Q&M's Ng increases deemed stake in both Q&M and Aoxin
On March 30, Amova paid $5,248,084.14 for 2,478,200 Frencken shares, which works out to an average of just below $2.12 per share.
This brings Amova's stake from 4.501% to 5.081%, or 21,734,000 shares.
Frencken, which serves customers such as Dutch semiconductor capital equipment maker ASML, has been enjoying a wave of upgrades recently as analysts look forward to a stronger 2HF2026.
