The most recent purchase was by executive director Goh Lee Beng, who acquired 17,700 shares on the open market for 48.5 cents each on April 1. This brings her direct stake to over 6.2 million shares or 2.06% of JB Foods. As she has a deemed interest in another 138 million shares or 45.52%, this gives her a total interest of nearly 144.3 million shares or 47.58% in the company.
Insiders of JB Foods have been actively raising their respective stakes in the company, whose business of supplying cocoa ingredients is dealing with a fourfold spike in cocoa prices to US$10,000 ($13,513) per tonne due to a shortage caused by unfavourable weather conditions.
