Novena CEO raises stake to 44.73%

Jun 16, 2004
The Business Times

FURNITURE retailer Novena Holdings said its chief executive officer Toh Soon Huat raised his stake to 44.73 per cent from 44.69 per cent with an open-market purchase of 144,000 shares through Kim Eng Securities this week. On Monday, Mr Toh bought 115,000 of those shares for 28.9 cents apiece, and yesterday he bought the remaining 29,000 shares at 29.8 cents each.

The Sesdaq-listed counter gained 1.5 cents, or 5.3 per cent, to close at 30 cents yesterday.