Dr Barry Thng Lip Mong, chairman and executive director of Alliance Healthcare Group, has increased his stake in the company.
On Oct 21, Thng acquired 1.15 million shares for $218,500 in a married deal. This raised his personal stake to some 8.58 million shares or a stake of 4.13%, up from 3.57% previously.
In addition, an entity called Alpine Investment Holdings, also holds an indirect stake of 133.45 million shares or 64.19% on behalf of Thng. As a result, Thng’s total stake in the company has reached just over 142 million shares or 68.32%, up from 67.76% previously.