Memstar

Memstar: Prominent local investor Alan Wang who runs the high profile find Asdew Acquisitions has raised his stakes in Memstar from 5.3% to 6.97%, via open market transaction, purchasing 43m shares at $0.1062 over the last few days. Recall, sentiments on United Envirotech has been pretty positive in recent days, with the group securing quite a number of contracts and DBSV upgrading the counter to buy. Recall UEL is also in the midst of acquiring Memstar assets via a cash and share swap. The latest move by Alan Wang could directly grant him an exposure into UEL, should the acquisition of memstar gets approved, or separately, memstar could become a potential RTO target.