Sukamto's Amcol stake up

Sukamto's Amcol stake up

SINGAPORE (Reuter): Indonesia-born Singapore businessman Sukamto Sia said yesterday he bought a further 1.79 million shares in property and trading group Amcol Holdings, raising his stake to 12.53 percent.

In a declaration to Amcol, Sukamto said he bought the shares in the open market through his investment company Beswil Investment and Trading Pte Ltd at Singapore $3.90 per share.

Sukamto is Amcol's second largest shareholder, after Indonesian Henry Pribadi who holds a 17.9 percent stake.

On April 12, Sukamto bought 1.5 million shares at S$3.64 per share.

Yesterday, Amcol was down two cents at S$3.92, off the day's high at S$3.98.