With the sale on Feb 9, Quarz has trimmed its stake from 15,454,700 shares to 15,385,700, or 7.987%, according to a Feb 16 filing.
Quarz Capital Asia, a substantial shareholder of Sunningdale Tech, has trimmed its stake in the company.
Quarz on Feb 9 sold 69,000 shares at $1.63 apiece in the open market, which is two cents lower than the revised offer of $1.65 put on the table by Sunningdale’s chairman Koh Boon Hwee.
