Market Chatter: Singapore Tycoon Philip Ng Lifts Vitasoy Stake Close to Chairman's, Fueling Takeover Talk

MT Newswires Live

Sep 10

Singaporean tycoon Philip Ng Chee Tat has amassed a stake in Vitasoy International (HKG:0345) nearly matching that of the soy milk maker's executive chairman, the South China Morning Post reported Tuesday.

The move has raised the prospect of a potential takeover bid, according to the report.

Ng, via his food-and-drink firm Yeo Hiap Seng and his family office, reportedly lifted his holdings to 16.03% after acquiring 570,000 shares at an average of HK$8.94 each, or about HK$5.1 million.

Winston Lo Yau-lai, Vitasoy's chairman, owns 16.37%, SCMP said.

Ng's previous disclosure in July showed he bought 1.85 million shares at an average HK$9.20, bringing his stake to 15.06%, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1549","symbol_name":"食品股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2566626618","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566626618","pubTimestamp":1757474421,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}