Ellipsiz up as major stake changes hands

Singapore

SHARE trading activity spiked at semiconductor testing firm Ellipsiz Ltd on Monday after the company's chief executive officer sold most of his stake to a construction company boss. This came after the company's founder had divested his stake in the past month, including to the CEO.

By the time the dust settled on Monday, Ellipsiz was at a more than four-year high of S$0.145 and David Lum Kok Seng, the managing director of construction firm Lum Chang Holdings, had become the company's largest shareholder with a 20.44 per cen…