Mencast Holdings

After the sale, Gay and Chua are no longer substantial shareholders of Mencast, with a remaining stake of 4.63% from 5.74% previously.

The transactions took place over several trading days.

The property has been mortgaged to a bank in Singapore, which will be discharged before the completion of the proposed disposal.

As at 2.09pm, shares in Mencast are trading 0.3 cent higher or 6.52% up at 4.9 cents.

If the proposed disposal had been affected on Jan 1, 2021, Mencast’s EPS would have been at 1.95 cents instead of 1.46 cents.

Shares in Mencast were the second-most heavily traded on the SGX on June 10.

SINGAPORE (Apr 6): Mencast Holdings says its wholly-owned subsidiary Mencast Innovation Centre (MIC) has entered into its third memorandum of understanding (MoU) under the MIC Incubation Programme, which is supported by SPRING Singapore’s Startup SG Acc

SINGAPORE (Mar 20): Mencast Holdings' marine division subsidiaries have won contracts worth a total of $5.6 million from their existing customers.

SINGAPORE (Dec 22): Mencast Holdings, the regional MRO solutions provider for the offshore, oil & gas and marine sector, is disposing industrial property at 11 Tuas Basin Close.