SINGAPORE (July 2): Lim Yong Sim, executive chairman and CEO of seafood restaurant chain No Signboard Holdings, has been buying the company’s shares over the past two weeks. Lim, also known as Lin Rongsen, made the most recent purchase on June 22, when he paid an average of 18.87 cents apiece for 340,000 shares. That brought his total deemed stake in No Signboard to 341.13 million, or a 73.77% interest.
He also bought shares from June 19 to 21. On June 19, he paid an average of 17.86 cents each for 1.94 million shares; on June 20, he paid 19.05 cents apiece for 230,000 shares and on June 21, he paid 18.73 cents each for 100,000 shares. The transactions were made through a privately held entity called GuGong, in which Lim holds a 93.64% stake.
The purchases accounted for between 54% and 98% of the total transacted volume on each of the four days. They helped lift No Signboard’s price. From their IPO price of 28 cents last November, shares in the company have fallen to as low as 15 cents on June 8.
