ASTI Holdings (SGX:575
) announced that its executive chairman and CEO, Eddie Ng, has acquired 40 million shares at 9 cents each via off-market transaction.
At 9 cents per share, it represents a discount of around 4.25% to ASTI Holdings’ last traded price prior to the trading halt on May 5 of 9.4 cents.
With this latest transaction, Ng’s direct shareholding in the company has increased from 10.54% to 15.65%.
"Our strategy is clear, our direction is set, and this stake increase is simply my way of putting my money where my mouth is. I remain fully committed to the Group and the Company’s stakeholders including our shareholders, employees and customers, for the long term,” Ng says.
Shares of ASTI Holdings last traded at 9.4 cents on May 5 following the trading halt.
