Challenger chief adds to holding

April 30, 2004
The Business Times

THE chief executive officer of Challenger Technologies, Loo Leong Thye, yesterday bought 200,000 more shares from the open market at 17 cents apiece.

This raised his direct shareholding in the computer and IT products retailer to 42.41 per cent, or around 65.1 million shares, from 42.28 per cent. Mr Loo has been steadily buying shares of Challenger since mid-April. Challenger, which is currently trading below its initial public offering price of 23 cents, yesterday closed one cent lower at 16 cents.