According to a bourse filing on Dec 23, Addvalue’s CEO Tan Khai Pang and non-executive chairman Richard John Denny have exercised their rights to convert their convertible loan notes (CLNs) and warrants into ordinary shares.
Addvalue Technologies independent director Kelvin Chow has bought an additional 500,000 shares from the open market on Dec 24 at 6.7 cents apiece. The transaction comes just days after he bought 250,000 shares at 6.4 cents each on Dec 22.
With his recent purchase, Chow now holds 750,000 shares or 0.022% of Addvalue’s ordinary shares. Chow did not hold any Addvalue shares before his purchases this week. The former CEO of Lendlease Global Commercial REIT joined Addvalue’s board on Oct 14. On Nov 14, he was made the chair of its audit and risk committee.
