On Mar 27, Acesian Partners : 5FW -3.12% executive director & group chief operating officer Wong Kok Chye disposed of 3,040,500 shares at S$0.065 per share. With a consideration of S$197,633, this reduced his direct interest in the Catalist-listed company from 1.42 per cent to 0.79 per cent.

 

Wong joined the group in 2000 and has over 20 years of experience in air-conditioning and mechanical ventilation. His role is to focus on the operation of the manufacturing and distribution businesses.

 

As reported on Feb 24, Acesian Partners&rsquo FY22 (ended Dec 31) revenue was up 157.7 per cent from FY21, at S$38.17 million. The higher revenue was boosted by the strong revenue growth from the critical airflow design and supply segment which included the critical environment control systems (ECO) business.

 

This was largely contributed by, among others, the improvement in business volume and pent-up demand, progressive delivery of the multiple significant new sales orders, and a ramp-up of its production capacity and improvement in ECO business.

 

The stock has continued to rank among the 100 most traded Singapore stocks by turnover in Q1 2023.

 

On Mar 29, Acesian Partners substantial shareholder Kelvin Kwok Ying Choy acquired 1.5 million shares of the company, increasing his direct interest from 9.79 per cent to 10.10 per cent. Kwok&rsquo s direct interest crossed over the 9.0 per cent threshold on Mar 13.