The family controlling lubricant manufacturer and United Global has been buying up shares of their company via a series of married deals in recent months. On Oct 26, non-executive chairman Edy Wiranto bought 2.3 million shares for $966,000 or 42 cents per share.

Just a few months earlier on June 30, he had acquired four million shares for 41 cents each via a married deal. Wiranto now holds a direct stake of nearly 15.1 million shares or 4.77% of the company. In addition, he has a deemed stake of 3.17 million shares held by his wife. This gives him a total stake of 18.26 million or 5.77%.

United Global - THE EDGE SINGAPORE

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