Travelite Holdings’ founder and executive chairman Thang Teck Jong acquired 1 million shares for $155,000 or 15.5 cents apiece via an off-market transaction.
The transaction, which took place on Jan 8, brought Thang’s total stake to 63.57% from 62.52%. Thang is deemed to be interested in 38.57 million shares registered in several nominee accounts, y Phillip Securities Pte Ltd, UOB Kay Hian Private Limited, Maybank Securities Pte. Ltd. and United Overseas Bank (UOB) Nominees (Private). He is also deemed to be interested in 1.49 million shares held by his spouse, Kong Ling Ting @ Kang Ling Ting. Thang’s shares in UOB Nominees are jointly held by him and Kong.
On Dec 18, 2024, Thang bought 788,800 shares on the market for $126,208 or 16 cents per share, bringing his stake to 62.52%.
For the 1HFY2025 ended Sept 30, 2024, Travelite reported a loss of $68,000, reversing from earnings of $1 million in the corresponding period the year before.
Shares in Travelite closed flat at 14.8 cents on Jan 10.
