SINGAPORE (June 29): Ocean Wonder International Limited (OWIL) has ceased to be a substantial shareholder at Oceanus on Monday, following several shares sale and purchase agreements made on June 17.
Completion of the agreements took place via a married deal on Friday.
See: Alacrity Investment Group is Oceanus' largest shareholder following $3.2 million married deal
Under the agreement, OWIL reduced its 19.74% stake in the company of some 4,795,668,398 shares to a 3.74% stake, which represents 909,878,953 shares.
The 4,795,668,398 shares were sold at a total consideration of $7.0 million.
Alacrity Investment Group, an existing major shareholder, paid $3,208,913 for 1,782,729,444 shares, which works out to an average of 0.18 cent each.
Shares in Oceanus closed 0.2 cent higher, or 50% higher, at 0.6 cent prior to the announcement.
