Connect Holdings buys additional shares of Pacific Internet

By Lisa Kerner

Charlotte, N.C., Nov. 30 - Investors led by Connect Holdings Ltd. bought an additional 140,974 shares of Pacific Internet Ltd. between Oct. 12 and Nov. 27.

The shares were purchased at an average price of $10.50 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Connect beneficially owns 12,469,661 shares, or 90.0%, of the Singapore-based internet service provider. The investor reported an 89.05% stake in Pacific Internet on Oct. 10.

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