The deal is pending completion.
Terence Wong, who runs the Azure Singapore Equity Fund, has emerged as a substantial shareholder of Trek 2000 International after acquiring a 7.3% stake on May 11 at a premium over the then market price.
According a filing by Trek 2000 on May 12, Wong is paying 12 cents each for 22,074,000 shares. In absolute terms, that's $2,648,880.
