Insider Moves (April 16-20)
by Ernie B. Calucag
Tng Kay Lim raised his stake in Singxpress Land Limited when he bought 160 million shares from Chan Yoke Keow for S$0.018 each. Tng now owns 8.54 per cent of the property developer from 3.76 per cent before the transaction.
Meanwhile, Tong Jinquan ceased to be a substantial shareholder of Perennial China Retail Trust after a series of off-market sales involving all his 167.142 million shares in PCRT. On the other hand, PCRT director Kuok Khoon Hoong accumulated 133.686 million shares for S$0.44625 each to increase shareholdings to 16.94 per cent of the group from 5.02 per cent.
Elsewhere, Anthony Tay Song Seng and Ong Hock Leng accepted the takeover offer of Safe Label Group Pte Ltd Lee for all shares at S$0.42 of electronics firm Adampak Limited.