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Sources said it could be a China party that acquired the shares from Puan Chan Cheong.

PETALING JAYA: Green Packet Bhd’s managing director and chief executive officer Puan Chan Cheong has disposed of 30 million shares via an off-market transaction.

The block was sold at a price of 65 sen per share, which was at a 30% premium from the closing price on Tuesday at 50 sen.

Sources said it could be a China party that acquired the shares from Puan.

After the sale, he now holds a direct interest of 92.93 million shares in the group, or a 9.29% stake.

He also has an indirect interest of 16.9%.

Green Packet was among the top active market movers yesterday with 156.89 million shares traded.

The counter gained 16 sen, or 32%, to close at 66 sen yesterday.

https://www.thestar.com.my/business/business-news/2020/07/09/green-packet-ceo-sells-30--million-shares
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