Singaporean tycoon Philip Ng Chee Tat has amassed a stake in Vitasoy International that is nearly as large as the company’s biggest shareholder in a series of purchases since October.
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…
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