Oiltek International Limited HQU

Mr. Richard Chee, Managing Partner of Sky Ventures Capital Pte. Ltd. ("Sky Ventures"), as Advisor to the Global SAF and Energy Fund (the "Fund") managed by Bank of China Asset Management (Singapore), is pleased to announce the Fund's acquisition of 12,000,000 ordinary shares in Oiltek International Limited (SGX Mainboard: HQU) ("Oiltek"), representing approximately 2.797% of the Company's total issued share capital.

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