Colin Tay Yong Lee entered into a conditional sale and purchase agreement to acquire 22.864064% stake in GRP Limited (SGX:BLU) from Kwan Chee Seng for SGD 16.5 million on August 21, 2023. As per the transaction, Colin Tay Yong Lee will acquire 41.2 million shares at SGD 0.40 per share.

Colin Tay Yong Lee cancelled the acquisition of 22.864064% stake in GRP Limited (SGX:BLU) from Kwan Chee Seng on January 12, 2024. The transaction has been terminated due to non-payment of amounts due under the respective agreements.