Zhou Qilin sells part of Ntegrator stake

Singapore two-dollar bills

Zhou Qilin has sold part of her stake in Ntegrator International, disposing of around 15.51 million shares in the market for S$243,623, according to a filing to SGX Monday.

The shares were sold on 6 October, according to the filing.

The sale took Zhou’s stake down to 13.75 percent from 14.99 percent previously.

Zhou had acquired the nearly 15 percent stake in Ntegrator in May in a conditional placement agreement with the company, which had placed 187.86 million new shares at S$0.01094 each to raise around S$2.06 million, according to a Business Times article.

Zhou, who is a China resident, had subscribed to the shares for investment purposes, the article said.

On 6 October, shares of Ntegrator had closed at S$0.014 each.

Ntegrator requested a trading halt on its shares on 7 October, pending the release of an announcement.