Hong Fok gives glimpse of boosting stake in unnamed firm
"Exploring the possibility," it said.
In an answer to SGX queries regarding the increase in its share price, the company revealed its brewing plans of increasing its shareholding in a company.
Here's what the announcement further said:
In this connection, the Company is currently exploring the possibility of making an offer for some shares of a company in which the Group has an interest in which would result in an increase in the Group’s shareholding of that company, and is in the process of consulting the relevant regulators in Singapore as regards regulatory and compliance implications.