GMG Global director cuts deemed stake
Sept 08, 2005
The Business Times
GMG Global, an investment holding company saw its director Jeffrey Gondobintoro disposing of 226.7 million of his deemed shares in the company on Tuesday. The shares were sold through registered holder Panwell Pte Ltd at $0.01985 apiece.
With the move, Mr Gondobintoro's deemed interest in the company goes down to 69.34 per cent, from 80.56 per cent. He also holds a 0.01 per cent direct stake, or 300,000 shares, in the company. GMG Global's shares remained unchanged at US$0.025.
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