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Hanwell reveals significant shareholder disposes of 12.3% stake for $28.6 mil in response to SGX query

Felicia Tan
Felicia Tan • 1 min read
Hanwell reveals significant shareholder disposes of 12.3% stake for $28.6 mil in response to SGX query
At 9.36am today, shares in Hanwell surged to an intra-day high of 48.8 cents.
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Hanwell Holdings, in an evening filing on June 11, announced that a significant shareholder and former director Dr. Tang Cheuk Chee, has disposed of 68 million shares for a total consideration of $28.56 million, or 42 cents per share.

The number of shares disposed represents some 12.29% of Hanwell’s total stake of 553,415,746 shares issued.

Hanwell says it is waiting for Tang’s Forms 3 and C.

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