The Singapore offshore industry veteran has acquired around 5.3m shares in Pacific Radiance, of which he is executive chairman.
The acquisitions were made on five separate occasions during October regulatory filings to the Singapore Stock Exchange show.
Pang, who is one of Singapore’s top 50 richest people according to Forbes, spent around SGD 5.6m ($4.5m) on the share purchases.
The series of acquisitions leaves him with a controlling interest in Pacific Radiance of almost 480m shares, or a stake of around 66.1%.
Earlier
