Three independent, non-executive directors of Singapore eDevelopment (SeD) have pared their stakes in recent weeks. In contrast, executive chairman and group CEO Chan Heng Fai, has increased his stake instead.

On Aug 24, independent non-executive director Wong Shui Yeung sold just over 1.9 million shares for $124,715.90, or about 6.54 cents each. He is left with just below 1.1 million shares, or 0.07% of the company.

On Sept 4, another independent non-executive director Chan King Fai sold 300,000 shares for $17,100, or an average of 5.7 cents each. He is left with 1.7 million shares, or 0.11% of the company.

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