LONDON (Alliance News) - New Trend Lifestyle Group PLC said Chief Executive Hillary Phang Song Hua sold Spruson Investments Ltd, a 7.5% shareholder in the company, on Monday.
Spruson owns 7.5 million shares in New Trend and are its sole asset. Phang Song Hua sold the vehicle to Chunlan Liao for GBP48,620, giving the 7.5 million shares a value of 0.65 pence each.
After the sale, Phang Song Hua holds 61.5 million shares in New Trend, representing 61.5% of its issued share capital.
Shares in New Trend were untraded on Tuesday, last quoted at 0.5 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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