Hanwell Holdings, in an evening filing on June 11, announced that a significant shareholder and former director Dr. Tang Cheuk Chee, has disposed of 68 million shares for a total consideration of $28.56 million, or 42 cents per share.

The number of shares disposed represents some 12.29% of Hanwell’s total stake of 553,415,746 shares issued.

Hanwell says it is waiting for Tang’s Forms 3 and C.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook