Besides his direct stake, Loh has a deemed stake of more than 47.4 million shares, or 9.52% of the company. The bulk, or 47.38 million, of Loh’s deemed shares are held via an entity called Cavangh Group. His wife holds another 64,600 shares. Loh now has a total direct and deemed stake of nearly 124.3 million shares in the company, or 24.93%.
SINGAPORE (Apt 15): Kelvin Kwok Ying Choy, a substantial shareholder of Acesian Partners, has sold more than 22.5 million of his shares to Loh Yih, who is among the company’s larger shareholders.
The off-market transaction was made on April 5. Loh paid Kwok $337,694.34, which translates into 1.5 cents a share. With this, Loh holds a direct stake of more than 76.8 million shares, or 15.41%, up from 10.89%.
