After the sale, Gay and Chua are no longer substantial shareholders of Mencast, with a remaining stake of 4.63% from 5.74% previously.
Gay Chee Cheong, a substantial shareholder of Mencast Holdings (SGX:5NF
) , and his wife, Chua Siok Lan, have sold 5.12 million shares via the market for $150,178 or 2.93 cents apiece.
The sale took place via a series of different transactions over different trading days, according to an Oct 4 filing. “The number of shares held immediately before and after the transaction represent the shares held before and after a notifiable obligation was triggered.”
