THREE substantial shareholders of Catalist-listed P5 Capital, that in total hold 28.52 per cent of the company's shares, will sell their stakes to Lim Shao-Lin for S$10 million. Read more at The Business Times.
THREE substantial shareholders of Catalist-listed P5 Capital, that in total hold 28.52 per cent of the company's shares, will sell their stakes to Lim Shao-Lin for S$10 million.
The company called for a trading halt on Tuesday morning, prior to its substantial shareholder sale announcement on Tuesday night. He holds 78.8 million shares or 14.14 per cent of the company, Mr Roland Lim holds 35 million shares or 6.28 per cent, while Mr Song Poo Hok has 48 million shares or 8.61 per cent.
The share transfer will take place in two tranches. The first will take place on July 29, 2019, with 63 million shares or 11.3 per cent of P5 Capital transferred for S$4 million.
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