Hong Fok gives glimpse of boosting stake in unnamed firm

"Exploring the possibility," it said.

In an answer to SGX queries regarding the increase in its share price, the company revealed its brewing plans of increasing its shareholding in a company.

Here's what the announcement further said:

In this connection, the Company is currently exploring the possibility of making an offer for some shares of a company in which the Group has an interest in which would result in an increase in the Group’s shareholding of that company, and is in the process of consulting the relevant regulators in Singapore as regards regulatory and compliance implications.

 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!