Reclaims Global's Majority Shareholders Sell Nearly 12 Million Shares

MT Newswires
Jan 28

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.

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