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.
