Pribadi buys Amcol shares

Pribadi buys Amcol shares

SINGAPORE (Reuter): Businessman Kang Hwi Wah has sold a final block of 10 million shares in Amcol Holdings Ltd. to Indonesian investor Henry Pribadi, lawyers acting for Kang said in a letter to the Singapore Stock Exchange yesterday.

The tranche is the last of a three-part purchase of 20 million Amcol shares agreed between the two men in July.

Monday's sale was at Singapore $5.00 per share, the letter said.

Pribadi now owns 18.23 percent of Amcol with Kang, its former boss, holding 6.67 percent.