Eg said the announcement made to the media by Wong was uncalled for and unprofessional. “Actually, he sold off (the stake) a long time ago; the sad thing is why he (Wong has to) go to the media, I don’t know. It’s a surprise,” he told the media, after the group's annual general meeting today. Eg suggested instead that Wong could have actually made a general statement that he will not invest in the listed company. Palette’s share price had rallied after Wong and equity investor Brahmal Vasudevan emerged among the group’s investors.

Source: The Edge Markets November 15, 2017 04:41 UTC