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Union Steel’s executive chairman in married deal with Soup Holdings’ Mok Yip Peng with 25 mil shares changing hands

Teo Zheng Long
Teo Zheng Long • 1 min read
Union Steel’s executive chairman in married deal with Soup Holdings’ Mok Yip Peng with 25 mil shares changing hands
According to SGX filings on April 13, Mok sold 25 million shares or 8.95% of the total shares issued at Soup Holdings to Ang for a total consideration of $1.5 million. Photo: The Edge Singapore
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Union Steel’s executive chairman and CEO, Ang Yu Seng, has emerged as a substantial shareholder of Soup Holdings (SGX:5KI) , following a married deal with the company’s co-founder, Mok Yip Peng.

According to SGX filings on April 13, Mok sold 25 million shares or 8.95% of the total shares issued at Soup Holdings to Ang for a total consideration of $1.5 million. This translates to an average price of 6 cents per share.

Following the April 13 married deal, Mok's stake has been trimmed to 26 million shares, or 9.31%.

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