The company's executive chairman and CEO Low Siong Yong, as indicated in its annual report, holds just over 81 million shares, equivalent to 43.96% as at March 18.
Alpina Holdings, which was listed in just Jan 2022, says its controlling shareholders are in discussions over a "possible transaction" involving the company's shares.
"The company understands that the discussions are confidential and ongoing and there is no certainty or assurance that such discussions will progress beyond the current stage or that any transaction will proceed as a result of the discussions," says the mechanical and electrical engineering contractor on June 3.
