Wong Siu Hong Alfred, managing director and CEO of Noel Gifts International , has acquired a total of 252,800 shares from the market as at Sept 4.
The shares were acquired for $89,741.47 or 35.5 cents per share, bringing Wong’s total stake in Noel Gifts to 46.67%.
On Sept 5, Wong made another purchase of 50,000 shares at $18,000, or 36 cents per share.
Both transactions brought Wong’s percentage of shares in the company up to 46.72%.
Wong has a direct stake of 29.15% in Noel Gifts while he has a deemed interest of 17.57%. Wong has an indirect interest in a total of 18 million shares held by his wife Lim Julian, daughter Wong Lai Kuan Kim and his son, Wong Ho Hon Keith. Lim has 8 million shares while Kim and Keith each have 5 million shares in the company.
Shares in Noel Gifts closed flat at 36 cents on Sept 5.
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