Fuji Offset Plates Manufacturing shares jump 67% after former Dyna-Mac CEO AC Lim buys S$4.5 million stake

Businesstimes
2025.05.30 10:10
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Fuji Offset Plates Manufacturing (FOP) shares surged 67% after former Dyna-Mac CEO AC Lim purchased a S$4.5 million stake by subscribing to 10 million new shares at S$0.45 each. This price is a 24.4% premium over the last traded price before a trading halt. Lim will hold a 16.7% stake and may join the board. FOP plans to use the proceeds for business expansion and acquisitions, reporting a net profit of S$1 million for 2024, up 7.5% from the previous year.

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