Philip Ng amasses a Vitasoy stake via his food and drink firm Yeo Hiap Seng and his family office
Via his food and drink firm Yeo Hiap Seng and his family office, Philip Ng, the younger brother of Sino Group chairman Ng Chee Siong, has increased his stake in Vitasoy to 16.03 per cent, or 168 million shares. Winston Lo Yau-lai, Vitasoy’s executive chairman, owns a 16.37 per cent stake in the company.
Ng bought 570,000 shares at an average price of HK$8.94 per share, equivalent to a total transaction value of about HK$5.1 million (US$654,906) on September 5, according to a disclosure with the Hong Kong stock exchange on Tuesday.
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