Insider Moves (June 4-8)
by Ernie B. Calucag
Oei Hong Leong acquired 34,243,684 shares of trading group Intraco Limited, giving him 9.06 per cent equity stake in the group. Around 6.78 million shares were acquires through open market at S$0.5003 per share while the remaining 14,047,323 shares was transacted via a married deal at S$0.50 per share.
Meanwhile, Suntec City Development Pte Ltd ceased to be a shareholder of Suntec REIT when it disposed its total holdings of 139,420,484 units. The 138,001,446 units were transferred via off-market as a result of a distribution pursuant to a capital reduction by Suntec City Development Pte Ltd, and an off-market transfer in respect of 1,419,038 units which was held in trust for the estate of a deceased shareholder as a result of a distribution pursuant to a dividend in specie, in 2009, by Suntec City Development Pte Ltd.