Ginko-AGT Global Growth Fund, managed by AGT Partners, has emerged as a substantial shareholder of Oiltek International HQU .
In a filing on Nov 25, the fund paid $22,157.10 for 25,200 shares, or around 87.9 cents each.
This brings the fund's stake in Oiltek to 7,152,200 shares, equivalent to 5%.
AGT Partners has invested in Oiltek since its IPO back in March 2022, which was priced at 23 cents each.
Koh Brothers Eco Engineering, with a stake of around 68%, is Oiltek's largest shareholder.
Oiltek International is one of the top few performers on the SGX year to date, with a gain of 250% to close at 88 cents on Nov 25.
