Xu Jia Zu Holdings, the controlling shareholder of Pan Asian Holdings has, on June 7, announced that it has expressed an interest to dispose a portion of its shares in the company to an unrelated third party.
As at June 7, Xu Jia Zu Holdings holds a 77.09% stake in Pan Asian Holdings.
Discussions are currently on-going and no agreement has been reached between both parties.
Shares in Pan Asian closed 1.5 cents higher or 37.5% up at 5.5 cents on June 7.
Cover photo: Pan Asian Holdings' website
