Goh Tiow Guan sold the shares for $700,400 or 3.4 cents apiece via an off-market transaction on Jan 6.

Goh Tiow Guan, a substantial shareholder of Acesian Partners 5fw, has disposed of 20.6 million shares in the company for $700,400 or 3.4 cents apiece on Jan 6.

The shares were sold via an off-market transaction, according to a filing published on the same day.

According to Acesian Partners’ annual report for the FY2023 ended Dec 31, 2023, Goh is the third largest shareholder in the company with 50.6 million shares representing a 10.68% stake at the time.

Following the transaction, Goh’s stake is now at 6.41% down from 10.77% before.

For the 1HFY2024 ended June 30, 2024, Acesian Partners reported earnings of $1.13 million, 48% lower than the $2.17 million reported in the corresponding period the year before.

On Nov 6, 2024, Acesian Partners announced that it incorporated a wholly-owned subsidiary in Singapore, ACF Eco Environment Pte. Ltd., to sell and distribute coated stainless-steel ductwork, uncoated welded stainless-steel ductwork, and other specialised exhaust systems, equipment and components.

Shares in Acesian Partners closed 0.3 cents higher or 7.9% up at 4.1 cents on Jan 6.