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Notable Trades New substantial shareholders emerge in IRCB
by Cals Thu 08 Jan 2015, 21:38
Notable Trades
New substantial shareholders emerge in IRCB
KUALA LUMPUR (Jan 8): Two new substantial shareholders, Lau Eng Guang and Brian Lau Joo Kien, have emerged in Integrated Rubber Corp Bhd (IRCB) ([You must be registered and logged in to see this image.] Financial Dashboard), following the acquisition of a total of 78.2 million shares in the company on Jan 5.
According to Bursa filings, Eng Guang holds a direct interest of 9.72 million shares, or a 2.25% stake, based on IRCB's issued and paid up capital of 433 million shares. He also has an indirect interest of 68.5 million shares or 15.82%, by virtue of his shareholding in Keen Setup Sdn Bhd.
Brian Lau is also deemed indirectly interested in PN17-status IRCB, via Keen Setup.
In separate filings this evening, Wang Liang Sea and Amnah Ibrahim, ceased to be substantial shareholders of IRCB, following the disposal of 68.5 million shares on Jan 5. The two were deemed interested in IRCB, via Keen Setup.
Keen Setup first emerged as a substantial shareholder in IRCB in December last year, having acquired 112 million shares or a 13.73% stake as part of the company's regularisation plan.
IRCB fell into PN17 status in 2012, after receiving notices of demand for borrowings owed to lenders and defaulted in payments.
IRCB shares closed 1.5 sen or 2.27% down at 64.5 sen, for a market capitalisation of RM279.29 million.
New substantial shareholders emerge in IRCB
KUALA LUMPUR (Jan 8): Two new substantial shareholders, Lau Eng Guang and Brian Lau Joo Kien, have emerged in Integrated Rubber Corp Bhd (IRCB) ([You must be registered and logged in to see this image.] Financial Dashboard), following the acquisition of a total of 78.2 million shares in the company on Jan 5.
According to Bursa filings, Eng Guang holds a direct interest of 9.72 million shares, or a 2.25% stake, based on IRCB's issued and paid up capital of 433 million shares. He also has an indirect interest of 68.5 million shares or 15.82%, by virtue of his shareholding in Keen Setup Sdn Bhd.
Brian Lau is also deemed indirectly interested in PN17-status IRCB, via Keen Setup.
In separate filings this evening, Wang Liang Sea and Amnah Ibrahim, ceased to be substantial shareholders of IRCB, following the disposal of 68.5 million shares on Jan 5. The two were deemed interested in IRCB, via Keen Setup.
Keen Setup first emerged as a substantial shareholder in IRCB in December last year, having acquired 112 million shares or a 13.73% stake as part of the company's regularisation plan.
IRCB fell into PN17 status in 2012, after receiving notices of demand for borrowings owed to lenders and defaulted in payments.
IRCB shares closed 1.5 sen or 2.27% down at 64.5 sen, for a market capitalisation of RM279.29 million.
Cals- Administrator
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