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.

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)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook