On May 22, Chua KL Family acquired 30,000 shares at S$11.08 apiece. This took the deemed interest of Venture Corporation independent non-executive director Chua Kee Lock to 0.01 per cent.

 

Chua is the group president and CEO of Vertex Venture Holdings (VH), a Singapore-based venture capital investment holding company wholly owned by Temasek Holdings. VH anchors a global network of independently managed funds, including five early-stage technology funds, an early-stage healthcare fund, and a growth-stage fund, all supported by third-party capital. Chua also serves as managing partner of Vertex Ventures Southeast Asia & India and chairman of Vertex Growth Fund. 

 

His acquisition follows Venture Corporation detailing in its Q1 FY2025 business update that it improved its net profit margin to 9.1 per cent. This was driven by ongoing cost efficiency efforts and the delivery of higher-value solutions through its differentiated capabilities. The group also noted that overall revenue declined, primarily due to reduced demand in the lifestyle consumer technology segment, where research-and-development-led design innovations enhanced product reliability and lifespan, resulting in fewer replacements.

 

Excluding this segment, the group maintained that revenue would have increased in Q1 FY2025 from Q1 FY2024. Meanwhile, Venture Corporation highlighted those initiatives in other domains &ndash such as networking and communications, and advanced industrials &ndash continued to gain traction, showing year-on-year progress.