Henry Wee, a substantial shareholder of Imperium Crown, increased his stake in the company to more than a quarter. On Sept 15, Wee, who used to hold a 23.03% stake in the company, acquired 23.9 million shares for a total of $287,020.80, or 1.2 cents each, on the open market. He now owns just over 205.6 million shares, or 26.06%.

Wee last added to his stake some five months ago. In a company filing dated April 1, Wee acquired 600,000 shares for $4,200, or 0.7 cent each. The exact date in which he bought the shares was not indicated.

Imperium Crown’s owns and operates a hotel in China’s Shandong province. This hotel is located within a so-called Wonder Stone Park, filled with naturally-shaped stones of various types.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook