Reclaims Global's (SGX:NEX) majority shareholders, Chan Chew Leh and Tan Kok Huat, sold around 11.6 million shares in the capital of the company to various investors at SG$0.41 per share for a total consideration of SG$4.7 million, according to a Wednesday filing with the Singapore Exchange.
Following the share sale, Chan's and Tan's shareholdings decreased to 30.01% each.
Despite the sale, the two shareholders continue to have controlling stakes in the company, with the share sale seen as a strategic move to improve the company's liquidity.
Meanwhile, from July 2025 to October 2025, the company secured new contracts worth around SG$10.3 million. In November 2025, the integrated services company bagged a contract worth SG$15.5 million.