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99 Speedmart Founder Lee Thiam Wah Becomes Major Shareholder of Alliance Bank

11/02/2023

With a 5.076% stake, 99 Speedmart’s founder Lee Thiam Wah became Alliance Bank’s (ABMB, 2488, Main Board Financials) largest shareholder.

Through GLOBAL SUCCESS NETWORK Pte Ltd, Lee Thiam Wah became a major shareholder. On September 9, GLOBAL SUCCESS NETWORK Pte Ltd bought 1.38 million shares on the open market, bringing its total number of shares to 78.58 million, or 5.076%.

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