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.