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NewsFajarbaru MD sells 2.1% stake (7047)
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Fajarbaru MD sells 2.1% stake (7047)
by hlk Thu 26 Jul 2012, 18:06
PETALING JAYA: Fajarbaru Builder Group Bhd managing director and CEO Datuk Low Keng Kok has sold a 2.1% in the construction firm to its chairman and executive director Datuk Kuan Peng Ching @ Kuan Peng Soon.
Stock market filings showed Low disposed of 4.1 million shares in a married deal yesterday, whittling his stake to 4.9% from 7%, which means he is no longer a substantial shareholder. Kuan's direct and indirect interests, meanwhile, increased to 6.04%, making him a new substantial shareholder.
Stock market filings showed Low disposed of 4.1 million shares in a married deal yesterday, whittling his stake to 4.9% from 7%, which means he is no longer a substantial shareholder. Kuan's direct and indirect interests, meanwhile, increased to 6.04%, making him a new substantial shareholder.
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