Home News Company in the news

Oceanus CEO Koh, fresh from refuting rumours, bought 12.5 mil shares at 4.07 cents each

The Edge Singapore
The Edge Singapore3/15/2021 10:17 PM GMT+08  • 2 min read
Oceanus CEO Koh, fresh from refuting rumours, bought 12.5 mil shares at 4.07 cents each
Oceanus last Friday refuted rumours its management was in a pump-and-dump scheme
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.

Peter Koh, CEO of Oceanus Group, bought 12.5 million shares at an average of 4.07 cents each on March 15, paying just a total of $508,962.50

Koh, who has led the successful turnaround of the company, now holds nearly 2.5 billion shares, or 10.28%

Last Friday, March 12, the company refuted postings online and in chat groups alleging that the company’s management including Koh was in a pump and dump scheme in collusion with unnamed institutional investors.

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.