The former director of Kim Eng Holdings is an active investor of local stocks. He now controls a total of 53,893,500 Low Keng Huat shares, or 7.29%, up from 1.4% previously, reads a Jan 15 filing.
Wang Yu Huei, also known as Alan Wang, has emerged as a substantial shareholder of Low Keng Huat (Singapore), which is in the midst of a privatisation offer.
Wang, who makes his investments via an entity called Asdew Acquisitions, on Jan 14 paid $33,636,195 for 43,542,000 shares, which works out to 77.25 cents each.
