Yeo Hiap Seng raises Vitasoy stake to 4% with $22.5m share buy

The shares were bought for $1.07 apiece.

Yeo Hiap Seng (YHS) has acquired an additional 21 million shares in Vitasoy for $22.5m or $1.07 per share.

The transaction has a market value of $42.1m, below the volume-weighted average price for all Vitasoy shares traded on 16 October.

The transaction brought YHS’ stake in Vitasoy to 4% or 38,698,000 shares.

The investment is expected to decrease the company’s earnings per share from $1.10 to $0.94 for FY2024.

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