Koufu owners buy back shares after price fall on tray-return debacle

SINGAPORE (Oct 17): Koufu Group’s controlling shareholder, Jun Yuan Holdings, has commenced buying back shares of the group following recent controversy over the practices of social enterprise subsidiary, Hawker Management.    

Jun Yuan is 50:50 owned by Koufu CEO and founder Pang Lim and his wife, Ng Hoon Tien, who is listed as the group's executive director. 

Through their joint investment vehicle, Lim and Ng on Tuesday purchased some 0.2 million shares of Koufu each at the price of 61.65 cents per share, raising Jun Yuan’s interest in Koufu to 78.25% from 78.21% previously.

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