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%.
This married deal comes after Mok undertakes another similar transaction between him and Wong Wei Teck, who is Soup Holdings’ executive director.
The previous married deal between Mok and Wong saw 15 million shares changing hands between themselves at 6 cents per share.
As at 10.46am, shares of Soup Holdings were up 3.17%, or 0.2 cents higher at 6.5 cents.
