WE Holdings

WE Holdings: Dr Toh Soon Huat, founder of Novena Holdings, has purchased 20m shares or 2.95% of WE Holdings at $0.11 per share, from Singyasin SMC Technologies, the investment vehicle of the Company’s Chairman, Mr Terence Tea. The Company intends to leverage on Dr Toh as a strategic investor, tapping his extensive business contacts and experience in Myanmar. Following this transaction, Terence Tea will see his stake reduced from 10.25% to 7.3%.