Stake changes: Koh Brothers Eco Engineering and Oiltek

Palm fruit bunches. Photo by Mike Stezycki on UnsplashPalm fruit bunches. Photo by Mike Stezycki on Unsplash

Koh Brothers Eco Engineering said Wednesday it has increased its stake in Oiltek International to 97.45 million shares, or a 68.14 percent stake, from 96.45 million shares, or a 67.44 percent stake, previously.

The 1 million shares were acquired for S$230,000 in an off-market transaction, according to filings to SGX.

Koh Brothers Group is also deemed interested in the shares, the filings said.

Malaysia-based Oiltek engineers and builds edible-oil refining plants, and its renewable energy division designs and builds biogas recovery plants for palm-oil mill effluents and multi-feedstock biodiesel plants. The company has clients located across 32 countries.