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Joyas non-exec director sells more than a third of stake, no longer substantial shareholder
JOYAS International Holdings non-executive director Kwok Chin Phang has sold off more than a third of his shareholding in the company, reducing his stake to 3.7 per cent from 6 per cent.
Mr Kwok, who is no longer a substantial shareholder, disposed of S$88,000 worth of shares in an off-market transaction on May 29.
The sale was for 44 million shares at S$0.002 apiece, the same as Joyas's share price as at 1.09pm on Thursday.
The thinly-traded stock's share price has remained unchanged since April 5.
The total number of voting shares for the metal gift and jewellery producer stands at 1.9 billion.