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ASTI Holdings’ CEO Eddie Ng acquires 40 mil shares at 9 cents each to become controlling shareholder

Teo Zheng Long
Teo Zheng Long • 1 min read
ASTI Holdings’ CEO Eddie Ng acquires 40 mil shares at 9 cents each to become controlling shareholder
Eddie Ng, ASTI’s executive chairman and CEO. Photo: Albert Chua/The Edge Singapore
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ASTI Holdings (SGX:575) announced that its executive chairman and CEO, Eddie Ng, has acquired 40 million shares at 9 cents each via off-market transaction.

At 9 cents per share, it represents a discount of around 4.25% to ASTI Holdings’ last traded price prior to the trading halt on May 5 of 9.4 cents.

With this latest transaction, Ng’s direct shareholding in the company has increased from 10.54% to 15.65%.

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