Dukang Distillers

Dukang Distillers: Following Dukang’s ex-chairman 44% stake sale last week, of which 29% was to the current CEO of Synear Food, who is in the process of being listed on SGX. Next insight note that ‘past stock broking legends’ David & Han (A-Team UOB Kay Hian) has abt a 6.2% stakes in the Co, holding it via their investment vehicle since the co. IPO, while we note that notable investor, Alan Wang also holds abt a 1% stake in the Co. via his fund Asdew Acquisitions. With quite a few big names within the co, we do not rule out the possibility of investor’s monitoring the stock for more possible actions ahead.