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ISDN’s Teo buys shares after long break, banks on diversified customer base

Chan Chao Peh
Chan Chao Peh8/20/2018 07:30 AM GMT+08  • 3 min read
ISDN’s Teo buys shares after long break, banks on diversified customer base
SINGAPORE (Aug 20): Teo Cher Koon, managing director and controlling shareholder of motion control parts maker ISDN Holdings, has bought shares from the open market again after nearly two years.
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SINGAPORE (Aug 20): Teo Cher Koon, managing director and controlling shareholder of motion control parts maker ISDN Holdings, has bought shares from the open market again after nearly two years.

On Aug 13, Teo spent $103,414.29 to buy 468,400 shares from the open market. This follows an earlier purchase of 631,600 shares on Aug 10 for $141,294. That works out to an average of 22.2 cents for both purchases. With these two rounds of transactions, Teo now holds nearly 132.2 million shares, or 33.48% of the company. Teo holds his stake via an entity called Assetraise Holdings, whose other beneficial owner is his wife, Thang Yee Chin.

Based on Singapore Exchange filings, Teo last bought ISDN shares from the open market on Aug 29, 2016. Back then, he paid $41,400 for 230,000 shares. That worked out to an average share price of 18 cents.

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