Singaporean tycoon Philip Ng Chee Tat has amassed a stake in Vitasoy International that almost matches the company’s biggest shareholder in a series of purchases since October, raising the specter of a potential takeover bid.
Via his food and drink firm Yeo Hiap Seng and his family office, Philip Ng, the younger brother of Sino Group chairman Robert 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…
Tycoon Philip Ng builds Vitasoy stake nearly on par with largest shareholder
