More forced selling pares Blumont chairman's stake

BLUMONT chairman Neo Kim Hock's stake in the aspiring mining company slipped further amid more bank loan recalls and forced selling of his shares.

Mr Neo yesterday informed Blumont that 500,000 of his shares held through various nominees were sold on the open market on Dec 13 for $50,200, or about 10.04 cents per share.

Blumont shares closed at 9.7 cents yesterday, lower by 3.96 per cent or 0.4 cent.