TOTM Technologies Limited’s (SGX:42F
) (TOTM Tech) substantial shareholder, Khoo Thomas Clive, has increased his stake in the company via market transaction.
In the April 20 filing, Khoo acquired 10 million shares at 2.761 cents each. This translates to a total consideration of $276,100.
This latest transaction saw Khoo’s stake in TOTM Tech up from 18.87% to 19.54%.
Khoo’s stake increase comes just after Pierre Prunier’s resignation announcement back on April 14, where he stepped down as TOTM Tech’s executive chairman.
Back on March 12, TOTM Tech won shareholder approval to diversify out of its existing core business to include the development, commercialisation, investment, and operation of businesses and solutions relating to emerging technology sectors.
Shares in TOTM Tech closed at 2.8 cents on April 20, up 3.70% for the day. For the past one year, TOTM Tech’s share price saw a gain of 75%.
