April 07, 2015 1:27 AM
SHARES of technology firm Ellipsiz rose yesterday after the managing director of home-grown construction group Lum Chang Holdings, Mr David Lum Kok Seng, made a big investment in the company.
LUM Chang Holdings yesterday announced the early exercise of a put option by Recosia Pte Ltd, an affiliate of GIC Real Estate, which allowed Lum Chang to acquire Reco Sungei Long for a reduced cash consideration of RM106 million (S$43.2 million).
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