Connect Holdings ups Pacific Internet ownership to 89.05%

By Laura Lutz

Des Moines, Oct. 10 - Investors led by Connect Holdings Ltd. increased their ownership of Pacific Internet Ltd. to 89.05% from 87.59%, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors bought 202,477 shares between July 18 and Oct. 9 at prices between $9.56 and $11.00 per share, increasing their holdings to a total of 12,328,687 shares.

Pacific Internet is an internet service provider with headquarters in Singapore.

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