Vibrant (SGX:BIP) increased its shareholding in Hiap Seng Industries (SGX:1L2) after 1,104,972,375 granted options were exercised by Vibrant Equities for SG$6.0 million, according to a filing with the Singapore Exchange on Friday.
Shares of Hiap Seng surged nearly 10% in recent trading, while Hiap Seng shares jumped over 14%.