Far East Organization’s Philip Ng has emerged as a substantial shareholder of retailer F J Benjamin Holdings, following conversion of warrants into shares.
Ng via his vehicles, now hold 79.1 million F J Benjamin shares, equivalent to a stake of 7.46%. This was up from 4.44% previously.
According to an F J Benjamin filing, Ng on April 1 converted 33.6 million warrants to shares at 4 cents each, costing him $1,346,400.
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)
