Pearl Oriental holding raised

Pearl Oriental Holdings says major shareholder Wong Kwan has boosted his stake in the company to 64.81 per cent with the purchase of 2.78 per cent through the market, the exercise of share options and the taking-up of scrip dividend. Pearl Oriental said the purchase was made during the period from June last year to January 23. Mr Wong had pledged none of his shares with any bank, financial institution or security house, nor had he borrowed any money from a bank, financial institution or security house, the company said.