AGT Partners emerges as a substantial shareholder of Oiltek International following Nov 25 open market buy

The Edge Singapore

25 Nov 2024

AGT Partners has invested in Oiltek International since its March 22 IPO

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.

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