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.
