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Sam Goi increases stake in restaurant operator Tung Lok as company expands

Sharanya Pillai
Sharanya Pillai8/7/2017 08:00 AM GMT+08  • 4 min read
Sam Goi increases stake in restaurant operator Tung Lok as company expands
(Aug 7): Popiah tycoon Sam Goi’s deemed interest in Tung Lok Restaurants (2000) has risen to 19%, after Goi’s company Tee Yih Jia Food Manufacturing acquired a total of 1.3 million shares in July for $183,267.75, or an average price of 13.8 cents a sh
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(Aug 7): Popiah tycoon Sam Goi’s deemed interest in Tung Lok Restaurants (2000) has risen to 19%, after Goi’s company Tee Yih Jia Food Manufacturing acquired a total of 1.3 million shares in July for $183,267.75, or an average price of 13.8 cents a share over five transactions. Tee Yih Jia had also acquired a total of 225,900 Tung Lok shares over five transactions in June, and 568,900 shares over two transactions in May. The average price paid was 12.1 cents in June and 11.2 cents in May.

As at July 26, Goi controlled 19.1% of Tung Lok. This stake comprises a direct interest of 377,000 shares, or 0.137%, and a deemed interest in 52.1 million shares held by Tee Yih Jia, of which Goi has been executive chairman since 1977. The company manufactures frozen food products and is the world’s largest maker of spring roll pastry skin.

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