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Home / Capital / Corporate Moves

DeClout chairman ups stake as company battles activist investor Lloyd Moffatt

Corporate moves

DeClout chairman ups stake as company battles activist investor Lloyd Moffatt

Benjamin Cher Published on Mon, May 07, 2018 / 7:30 AM GMT+8

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SINGAPORE (May 7): DeClout CEO and chairman Vesmond Wong Kok Khun has raised his stake in the IT services company amidst efforts by investors to replace members of the board at DeClout and its subsidiary Procurri Corp. Wong bought one million shares for $92,580, or 9.258 cents a share, on April 27, bringing his stake to 82.1 million shares, or 12.4%.

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