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GCCP Resources substantial shareholder trims stake

GCCP Resources substantial shareholder Chung Mun Chong has been paring his stake in the Malaysian limestone miner over the past week, selling a 1.55 per cent stake for a total of S$808,231, or about 7.5 Singapore cents per share.

The company's fourth-largest shareholder now holds a 9.71 per cent stake in GCCP, from 11.26 previously.

The disposals were carried out in the open market on two days. On May 19, Mr Chung sold 3.6 million shares at about 7.25 Singapore cents apiece. On May 24, a further 7.2 million shares were sold at about 7.613 Singapore cents each.

GCCP shares closed at seven Singapore cents on Wednesday.