Friday, 28 October 2011
Frontken in Deutschland
Again, Hohnloser bought Frontken shares. This time he is no loser, he went BIG.
On 25 Oct 2011, Frontken's chairman and managing director Wong Hua Choon disposed 119,750,000 Frontken's shares, trimming his stake substantially from 23.5% to 11.7%. Two days later, Jorg Helmut Hohnloser acquired all those shares which increases its shareholding from 5.2% to 17.1%.
So, currently Hohnloser has become the no.1 shareholder in Frontken.
Frontken's Global presence
Today in the morning session, Frontken's share price does not fly high. It is battled down 0.5sen at afternoon break. It seems like there is some activity of planned selling in stages. Nevertheless, Frontken's share has gained a hefty 35% in less than a month since bottoming out from its low of 10sen in 3rd Oct 2011.
Why do Wong, who is also the founder of Frontken, choose to give up his pole position in Frontken's shareholding?
Frontken was awarded by THE BRANDLAUREATE for ASIA PACIFIC's Best Brands in the category of Corporate Branding - Engineering in 2010-2011.
Frost & Sullivan 2010 Best Practices Award. South East Asia Technology Innovation Award - Semiconductor Services Market.