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Substantial shareholder trims stake in Sunningdale ahead of privatisation offer vote

The Edge Singapore
The Edge Singapore2/16/2021 07:42 PM GMT+08  • 2 min read
Substantial shareholder trims stake in Sunningdale ahead of privatisation offer vote
"We respect shareholders’ right to buy or sell shares in Sunningdale as they see fit," says Koh Boon Hwee.
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Quarz Capital Asia, a substantial shareholder of Sunningdale Tech, has trimmed its stake in the company.

Quarz on Feb 9 sold 69,000 shares at $1.63 apiece in the open market, which is two cents lower than the revised offer of $1.65 put on the table by Sunningdale’s chairman Koh Boon Hwee.

With the sale on Feb 9, Quarz has trimmed its stake from 15,454,700 shares to 15,385,700, or 7.987%, according to a Feb 16 filing.

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