Reclaims chair, CEO cut stakes to 30.01% to expand shareholder base

Both have voluntarily committed to a self-imposed moratorium on any future sale of their respective shares.

Reclaims Global Limited has announced a share sale by its majority shareholders, Executive Chairman Chan Chew Leh and CEO Tan Kok Huat, who sold a combined 11,585,000 ordinary shares to various investors for cash.

Following the sale, Chan’s shareholding interest in the company will decrease from 34.04% to 30.01%, whilst Tan’s will fall from 33.65% to 30.01%, according to a bourse filing.

Both have also voluntarily committed to a self-imposed moratorium on any future sale of their respective shares in the Company for a period of six months from the date of completion of the transaction.

“This share sale does not dilute existing minority shareholders, and we believe a more diversified and institutionalised shareholder base will enhance our market profile, improve trading liquidity, and create a stronger platform for sustainable value creation,” Chan and Tan jointly said.

Meanwhile, the group has secured new contracts with an aggregate value of $10.3m from July to October 2025.

It also announced the strategic acquisition of the proprietor of a freehold commercial building near Farrer Park MRT Station for $38.8m.

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