Douglas Foo reduces share in Apex-Pal

Apr 19, 2004
The Straits Times

APEX-PAL International said its chief executive, Mr Douglas Foo, had pared his stake by 15 percentage points by selling 16 million shares on the open market.

The shares were sold at an average price of 31 cents each last Wednesday.

After the sale, Mr Foo still holds 74 million shares in the company or a 69.5 per cent stake.

Apex-Pal is the operator of Sakae Sushi and other food outlets in Singapore