share disposal

Company in the news

AEM Holdings proposes to dispose shares in ATECO for $6.8 mil

The consideration represented a 23% discount to the carrying amount of the AEM's investment in ATECO as at Dec 31, 2023,
GDS Global’s controlling shareholder to sell 50.45% stake in company for $3.4 mil - THE EDGE SINGAPORE

Insider moves

GDS Global’s controlling shareholder to sell 50.45% stake in company for $3.4 mil [update]

Wong Lok Yung, GDS Global’s chairman, executive director and CEO, is selling his shares due to his age and condition of his health
Keppel disposes of 50 mil Seatrium shares at 14.52 cents each - THE EDGE SINGAPORE

Insider moves

Keppel disposes of 50 mil Seatrium shares at 14.52 cents each

After the latest transaction, Keppel has an interest in 2.1496% of the shares in Seatrium.
Keppel disposes of 42 mil shares in Seatrium at 12.3 cents apiece - THE EDGE SINGAPORE

Company in the news

Keppel disposes of 42 mil shares in Seatrium at 12.3 cents apiece

Following the disposal, Keppel’s stake in the company now stands at 38.99%, down from 39.05% previously.

Company in the news

GP Industries disposes remainder of shares in Taiwan associate

The disposal of its shares was first conducted on April 6.

Mining

Golden Energy and Resources disposes 4 mil shares in Westgold Resources for A$9 mil

The disposal was completed via an on-market sale on Friday (July 3).

Restructuring

Terence Tea reorganises stakes in Accrelist, Jubilee and EG

SINGAPORE (Dec 24): Terence Tea Yeok Kian, executive chairman of Accrelist, which is gearing up for expansion into the aesthetics business, is trying to reorganise his stakes in  three of the separately-listed entities that he chairs, which also includes

Nam Cheong CEO sells 13.9 mil shares; Miyoshi’s second-largest shareholder pares stake

(Sept 30): This past week has seen some notable share disposals. On Sept 23, Leong Seng Keat, CEO of Malaysia-based oil and gas shipbuilder Nam Cheong, sold 13.9 million shares at 0.6 cent apiece on the open market. This reduced his direct interest to 0.0

Management & Corporate Governance

Epicentre reveals more statutory demands amid CEO's disappearance

SINGAPORE (June 13): Epicentre Holdings, whose executive chairman and acting CEO Lim Tiong Hian went missing from May 24, says it has received new statutory demands.

M&A

Semborp disposes entire Gallant Venture stake for $62 mil

SINGAPORE (June 12): Sembcorp Industries' wholly-owned subsidiary, Sembcorp Development, has disposed of its entire 10.27% stake in Gallant Venture for a consideration of $62 million.
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