Premium

Wife of Challenger CEO Loo buys shares; company to grow 'price-sensitive' segment

The Edge Singapore
The Edge Singapore7/3/2020 6:30 AM GMT+08  • 3 min read
Wife of Challenger CEO Loo buys shares; company to grow 'price-sensitive' segment
Ong Sock Hwee, wife of Challenger Technologies founder and CEO Loo Leong Thye, bought some shares of the company from the open market recently.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 3): Ong Sock Hwee, wife of Challenger Technologies founder and CEO Loo Leong Thye, bought some shares of the company from the open market recently.

On June 29, Ong acquired 12,000 shares for $5,400, or 45 cents each. On June 25, she bought 21,600 shares, also at 45 cents each and another 64,200 shares for $29,211, or 45.5 cents per share on the same day. The following day, she acquired another 20,400 shares for $9,180, which works out to 45 cents for each share. She now holds some 35 million shares or 10.15% of the company.

This means CEO Loo now has a total direct and deemed stake of 188.5 million shares, or 54.61%. This comprises a direct stake of 42.97% and a total deemed stake of 11.63%. Besides Ong, their son and daughter also hold some shares as well.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.