Noel Gifts International’s CEO ups direct stake to 29.15%

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. 

See also: George Wang's AIMS Financial Group raises stake in AIMS APAC REIT after acquiring 7% stake from ESR at $1.19 per unit