Amcol shares suspended

Amcol shares suspended

SINGAPORE (Reuter): Trading in the shares of property company Amcol Holdings Ltd was suspended from 01;00 GMT today, a Singapore stock exchange statement said yesterday.

The statement did not give a reason for the suspension but Amcol announced earlier yesterday that Singaporean tycoon Sukamto Sia had raised his stake in the company by buying one million shares at S$3.83 each.

Sukamto, who is trying to wrest control of Amcol from Indonesian businessman Henry Pribadi, bought the shares through his holding company Beswil Investment Pte Ltd.

The purchase raised the number of shares owned by Sukamto to 42.19 million or around 13.9 percent of the company, the Amcol statement said.

Amcol shares closed yesterday at S$3.86, up S$0.04 on a turnover of 1.8 million shares.