Travelite Holdings’ founder and executive chairman Thang Teck Jong acquired 1 million shares for $155,000 or 15.5 cents apiece via an off-market transaction.
The transaction, which took place on Jan 8, brought Thang’s total stake to 63.57% from 62.52%. Thang is deemed to be interested in 38.57 million shares registered in several nominee accounts, y Phillip Securities Pte Ltd, UOB Kay Hian Private Limited, Maybank Securities Pte. Ltd. and United Overseas Bank (SGX:U11) (UOB) Nominees (Private). He is also deemed to be interested in 1.49 million shares held by his spouse, Kong Ling Ting @ Kang Ling Ting. Thang’s shares in UOB Nominees are jointly held by him and Kong.
On Dec 18, 2024, Thang bought 788,800 shares on the market for $126,208 or 16 cents per share, bringing his stake to 62.52%.
For the 1HFY2025 ended Sept 30, 2024, Travelite reported a loss of $68,000, reversing from earnings of $1 million in the corresponding period the year before.
Shares in Travelite closed flat at 14.8 cents on Jan 10.
