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The Straits Times / The Business Times News on HG Metal
Chong Thim Pheng sells HG Metal, buys Swissco sharesJanuary 15, 2005The Business Times FORMER Links Island Holdings chairman Chong Thim Pheng sold his entire directly owned stake of 5 million shares in HG Metal Manufacturing on Thursday. No pricing information was disclosed, but all the transactions were done on the open market. Mr Chong, who no longer holds the 3.78 per cent stake in steel stockist HG Metal, is still deemed to be interested in a 6.66 per cent stake held by his wife, Links Island deputy managing director Cynthia Tan Kwee Hiang. HG Metal shares closed at 67.5 cents yesterday, up one cent or 1.5 per cent. One day after selling his HG Metal shares, Mr Chong bought 300,000 shares in Swissco International. His shareholding in Swissco now stands at 5.59 per cent from 5.39 per cent previously. Swissco shares closed flat at 29 cents yesterday.
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