Sam Morgan spends $1m on Ecoya shares

Friday 24th June 2011

Trade Me founder Sam Morgan has spent $1 million buying 1.25 million shares in scented candle and beauty products company Ecoya.

Morgan bought the 2.4% stake from investment company The Business Bakery, which now holds 57.3% of Ecoya, a notice to the NZX said today.

Morgan said he had been watching Ecoya and believed it was a good time to invest in a company with strong growth.

NZPA

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