South African businessman Gus Attridge has seen the market value of his stake in Aspen Pharmacare Holdings Ltd. climb back above the 100 million mark, as the drugmakers shares recover ground on the Johannesburg Stock Exchange JSE.
Attridge, who co-founded Aspen with Stephen Saad, holds a 4.3 percent stake in the drugmaker. Gains across 8 consecutive trading sessions have increased the value of his holding by R94.03 million 5.62 million, partly offsetting losses incurred during a weaker period earlier this year.
Share recovery offers relief after 10.7 million losses