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A-Sonic directors in married deal; Mercurius chairman sells shares ahead of minimart deal

The Edge Singapore
The Edge Singapore 9/2/2021 3:20 PM GMT+08  • 3 min read
A-Sonic directors in married deal; Mercurius chairman sells shares ahead of minimart deal
Upon completion of the purchases, Janet holds nearly 33.5 million shares or 57.21%, up from 55.45% previously.
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Janet LC Tan, founder and CEO of A-Sonic Aerospace, bought shares from her fellow executive director Jenny Tan Lay Yong in a married deal at an above-market price. On Aug 26, Janet acquired nearly 1.03 million shares at 80 cents each or a total of $822,588.80 when A-Sonic’s closing price was 57 cents. In addition, Janet also acquired 257,057 warrants at $185,081.04 or 72 cents each.

Upon completion of the purchases, Janet holds nearly 33.5 million shares or 57.21%, up from 55.45% previously. She also holds nearly 8.4 million warrants, up from 8.2 million.

In a separate filing, Jenny sold 360,070 shares in a married deal at 80 cents each, gaining $288,056. She also sold 90,017 warrants at 72 cents each, gaining $64,812.24. With that, Jenny no longer holds any shares in the company.

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