AEM Holdings (SGX:AWX
) has announced that its substantial shareholder, JP Morgan Chase has acquired 115,600 shares back on April 20.
In the SGX filing dated April 26, the shares were purchased for a total consideration of $562,142.10, which excludes brokerage and stamp duties. This translates to an average price of $4.86.
With this latest transaction, this brings JP Morgan Chase’s stake in AEM Holdings from the previous 6.98% to 7.02%.
JP Morgan Chase previously purchased shares in AEM Holdings back on April 10, where it bought 1,070,900 shares for a total consideration of $5,072,620.53, which the average price works out to be about $4.74.
Shares in AEM Holdings closed 99 cents higher or 19.53% up at $6.06 on April 24. On a year-to-date basis, AEM Holdings’ share price witnessed a gain of 252.33%.
