Insider Moves (March 19-23)
by Ernie B. Calucag
Posh Corridor Sdn Bhd sold 10.5 million shares of restaurant group Chaswood Resources Holdings as part of compliance placement. Posh Corridor decreased its stake in the restaurant operator to 62.37 per cent from 70.25 per cent.
Ace Sense Holdings, registered owner of 108 million shares of chemical systems engineering and technology solutions provider Anchun International Holdings, issued its entire shareholding to Xie Xing, making him the deemed owner of the said shares equivalent to 21.39 per cent of Anchun International.
Elsewhere, investment advisory group Third Avenue Management LLP sold off its entire shareholding of 58,317,685 shares in Global Yellow Pages. The sale was through a series of transactions.
Meanwhile, Hung Yuk Choy, director of semiconductor group Willas-Array Elec Holdings, became a direct owner of about 25,801,194 shares of Willas-Array, equivalent to 6.9224 per cent stake in the group. It was only an internal transfer since the previous owner of the shares, Optimist Profits Limited, is solely owned by Hung.