SINGAPORE (June 12): Derek Goh, executive chairman of Serial System, bought 1.5 million shares on the open market for $106,500 on June 2, which works out to an average of 7.1 cents per share. A day earlier and on May 4, Goh had acquired 5.2 million shares for $365,144 and 121,000 shares for $8,731.25 respectively.

On top of his direct stake of nearly 361.9 million shares, Goh is also deemed interested in another 71,000 shares which are held by his daughter Victoria Goh. Therefore, he now holds a total stake of 40.405% of the company, up from 40.237% previously.

For more than two years, investigations by Taiwanese authorities into the company’s business there as well as Goh had cast a pall over Serial System’s future.

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