SINGAPORE (June 19): FJ Benjamin Holdings’ major shareholders have been doing opposite things. While billionaire private investor Peter Lim Eng Hock has been steadily selling shares of the fashion retailer on the open market, chairman Frank and CEO Eli Manasseh Benjamin have been scooping up shares.

On April 7, Eli Manasseh Benjamin, better known as Nash, acquired 150,000 shares for $2,599.50 on the open market. The following day, he acquired another 50,000 shares for $850. On April 13, he acquired 50,000 shares for $900. The average purchase price of each share works out to be between 1.7 cents and 1.8 cents. Nash owns a total of 31.7 million shares, or 3.49%, which consists of 250,000 shares directly held, and 31.46 million deemed shares.

On May 22, elder brother Frank acquired 250,000 shares for $5,250. On June 2, he acquired another 250,000 shares for $5,000. The average purchase price ranges between 2 cents and 2.1 cents. Frank now owns 125.9 million shares, or 13.84%, up from 13.81% previously.

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