14-10-2010, 09:03 PM
Today's announcement says that Ben Chng added another 3,996 lots on 12Oct10 and 13Oct10 (yesterday) and paid between $0.30 and $0.305, and his direct shareholding now stands at 50.0743%.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
I think it is relevant to note that together with the 23.2069% held by his father Chng Khoon Peng (Group Executive Chairman), plus another approx. 0.336% under his remainding 1,200,000 warrants yet to be converted.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument [17Sep10 announcement on shares]
http://info.sgx.com/webcorannc.nsf/Annou...endocument [17Sep10 announcement on remaining warrants]
, and another approx. 5.2% held by his sister Chng Soo Yeian and other directors who can be assumed as parties acting in concert with the Chng family, we have a situation now that the Chng family's control over Viz Branz is already close to 79%.
I think it is getting more and more interesting for the remaining public minority shareholders!
http://info.sgx.com/webcorannc.nsf/Annou...endocument
I think it is relevant to note that together with the 23.2069% held by his father Chng Khoon Peng (Group Executive Chairman), plus another approx. 0.336% under his remainding 1,200,000 warrants yet to be converted.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument [17Sep10 announcement on shares]
http://info.sgx.com/webcorannc.nsf/Annou...endocument [17Sep10 announcement on remaining warrants]
, and another approx. 5.2% held by his sister Chng Soo Yeian and other directors who can be assumed as parties acting in concert with the Chng family, we have a situation now that the Chng family's control over Viz Branz is already close to 79%.
I think it is getting more and more interesting for the remaining public minority shareholders!