Sukamto raises Amcol stake<\/p>\n
SINGAPORE (Reuter): Indonesian businessman Sukamto Sia,
\npreparing for a boardroom battle later this month, has bought
\n1.55 million more shares in trading firm Amcol Holdings Ltd,
\nbringing his stake in the company to more than 13 percent.<\/p>\n
A Stock Exchange of Singapore statement said on Wednesday
\nBeswill Investments Pte Ltd, Sukamto's private company, bought
\nthe shares on the open market for Singapore $3.89 each on
\nTuesday, bringing the total number of shares it holds in Amcol to
\n38.99 million.<\/p>\n
Sukamto recently called for an extraordinary general meeting
\n(EGM) to overthrow Amcol's 13-member board led by another
\nIndonesian businessman Henry Pribadi and appoint himself and his
\nnominees in their place.<\/p>\n
Pribadi, currently Amcol's managing director, is its biggest
\nshareholder with a 17.9 percent stake.<\/p>\n
Sukamto recently lost a battle to take control of Hong Kong-
\nlisted Sum Cheong International and also resigned as chairman of
\nSingapore-listed Transmarco Ltd.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/sukamto-raises-amcol-stake-1447893297",
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"sponsor": "Okusi Associates",
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