Pek Kian Boon, a former executive director of water treatment company Sanli Environmental, sold about 9.17 million shares on July 19 for $1.54 million or an average of 16.8 cents each. According to an SGX filing dated July 22, Pek sold another 4.5 million shares for $907,652.78 or nearly 20.2 cents each. With that, Pek is left with 23.9 million shares or 8.969% from 13.985% previously.

Pek’s sale came just a few days after the company on July 15 announced it had won a $72.67 million contract from the PUB for new disinfection systems at Johor River Waterworks. News of the contract sent Sanli shares from seven cents on July 14 to 19 cents on July 19.

Pek joined the company in 2017 and left in early 2019, citing a desire to pursue other interests. Since then, he has occasionally sold his shares in the open market. Before the transactions on July 22 and July 19, Pek’s most recent sale was on Sept 9, 2020, according to company filings, when 2.4 million shares were sold for $151,213.15.

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