HealthBank shareholders to sell 26.38% stake to new investor
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HealthBank Holdings Limited's CEO and substantial shareholders are selling a 26.38% stake to new investor Pu Guofei. CEO Peng Fei will sell 6,361,000 shares for $1.19 million, while Feng Li will sell 12,605,000 shares for $920,165. After the sale, Pu will become the controlling shareholder, while Peng will remain as CEO and executive director. The sale is subject to SGX conditions and further announcements will follow as per SGX Catalist rules.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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