Ellipsiz - Target Price Reaching

More
More
05 Apr 2015 14:32 #22024 by stockmarketmindgames

Please Log in or Create an account to join the conversation.

More
07 Apr 2015 14:01 #22034 by zane
A NEW substantial shareholder has emerged at Ellipsiz Ltd -- David Lum Kok Seng, the managing director of Lum Chang Holdings.

David bought 100 m shares from Ellipsiz chief executive Chan Wai Leong for S$15 million.

With that, Mr Lum raised his stake from 2.35 per cent to 20.44 per cent on April 5. Mr Chan's stake was pared from 19.79 per cent to 1.7 per cent. Will he remain as CEO ?

The sudden divestment by Mr Chan was unexpected given that he was recently seen shoring up his stake in Ellipsiz in off-market transactions.

Will David Lum take over management of Ellipsiz? Seems unlikely -- what does he know about this business? In the first place, why is he taking such a big interest in Ellipsiz? No one has yet given a meaningful answer.

Please Log in or Create an account to join the conversation.

More

Share Prices

Counter NameLastChange
AEM Holdings3.9100.020
Avarga0.335-
Avi-Tech Electronics0.460-
Best World Int.1.360-
CEI1.140-
China Sunsine0.4900.005
CNMC GoldMine0.275-
CSE Global0.485-
Food Empire0.7500.005
Golden Energy0.168-0.004
GSS Energy0.0590.001
ISDN Holdings0.630-
ISOTeam0.129-
IX Biopharma0.255-
JB Foods0.570-
KSH Holdings0.3650.005
Medtecs Intl1.1200.020
Moya Asia0.073-0.003
Nordic Group0.2450.005
Oxley Holdings0.230-0.010
Procurri0.290-
REX International0.156-0.001
Riverstone1.5000.010
Roxy-Pacific0.3550.005
SingMedical0.335-0.005
Sri Trang Agro1.2800.010
Straco Corp.0.5800.005
Sunningdale Tech1.5600.020
Sunpower Group0.945-0.030
The Trendlines0.096-
UG Healthcare0.7200.005
Uni-Asia Group0.600-0.010
Yangzijiang Shipbldg1.070-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1215 guests and no members online