From these sales, the company has raised $5.46 million. Tan’s shareholding interest in the group will therefore decrease to 73.09%.
Attika Group’s majority shareholder has sold 15.6 million ordinary shares in the company for 35 cents per share to various investors on Jan 12.
The majority shareholder, Steven Tan, is the managing director and executive chairman of the group. The sale of shares is to improve share liquidity and optimise capital structure.
