Jen is listed as the third largest shareholder in Southern Packaging’s FY2021 annual report, as of March 15. The company’s co-founder, executive chairman and CEO Pan Shun Ming — as indicated in the annual report — holds 27.4 million shares, or equivalent to 38.94%. His wife Mai Shuying, the company’s co-founder and chief financial officer, is the second largest shareholder with 17.9 million shares or 25.49%.
Jen Shek Chuen, a substantial shareholder of Southern Packaging Group, has recently added to his stake. On July 8, Jen paid $134,865 for 299,700 shares, or 45 cents each. This brings his total holdings in the China-based packaging manufacturer to just over 10.8 million shares, or 15.39%, from 14.96% earlier.
Just around a fortnight before Jen bought, another substantial shareholder of the company was in the market — but to sell. Berry Plastics Asia on June 23 sold 250,000 shares for $112,150.54, or 44.9 cents each. With this, it is left with 5,575,000 shares — equivalent to 7.93% — down from 8.28% previously.
