Advanced Holdings' Controlling Shareholder Cuts Stake; Shares Up Nearly 8%

MT Newswires

08/27

Advanced Holdings' (SGX:BLZ) controlling shareholder, Wong Kar King, sold 17 million shares in the company to Asia Agri Renewable Fund, according to a Tuesday filing with the Singapore Exchange.

Shares of the company were up nearly 8% in Wednesday trading.

The shares represent around 16.78% of the company's issued and paid-up share capital. Following the transaction, King now holds an 8.30% stake in the company.

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