Troubled Billion International Holdings says its major shareholder has sold 14.1 per cent of the company at 15 cents a share, or $30.89 million, to an independent third party. The 205.94 million shares were sold by Ming Kee Investments, of which former chairman Simon Chan Ying-ming is the sole owner. The Buyer is Gold Fortune Asset. The deal is expected to be completed in four months.
