Liew Teck Meng acquired 50% stake in SB Barge Pte. Ltd. from Sinwa Limited (SGX:5CN) for SGD 0.04 million on December 12, 2018. Liew Teck Meng acquired 0.03 million shares of SB Barge Pte. Ltd. Sinwa Limited will use the proceeds from the disposal for general working capital purposes. The transaction is not expected to have a material impact on the earnings per share of Sinwa Group for the financial year ending December 31, 2018. Liew Teck Meng completed the acquisition of 50% stake in SB Barge Pte. Ltd. from Sinwa Limited (SGX:5CN) on December 12, 2018.