FROM March 26 to 30, notable filings included the disposal of a 2.4% stake in total by property developer Tiger Synergy Bhd’s executive chairman and his wife.
Datuk Tan Wei Lian sold 39.76 million shares or a 2.3% stake from March 26 to 29 while Datin Sek Chian Nee, who is also an executive director, disposed of 1.8 million shares or a 0.1% stake on March 26. They still hold about 13% equity interest post-disposal.
Over at SKH Consortium Bhd, which is involved in information and communications technology as well as property construction, substantial shareholder Master Knowledge Sdn Bhd acquired 9.51 million shares or a 1.6% stake on March 26. Master Knowledge is the vehicle of Aaron Choo Peng Hung, who was redesignated from executive director to managing director of SKH on Feb 28. The acquisition raises Choo’s stake in SKH to 29.55%, making him its largest shareholder.
Silver Ridge Holdings Bhd executive director Voon Sze Lin has disposed of 1.8 million shares or a 1.5% stake in the telecommunications solutions provider. Voon sold 1.05 million Silver Ridge shares on March 26 and a further 750,000 shares on March 27, paring his holding to 3.12%. Voon has been Silver Ridge’s executive director since Sept 20, 2014.
Practice Note 17 (PN17) company Maxwell International Holdings Bhd, which manufactures sports footwear in Fujian, China, saw the emergence of two new Hong Kong shareholders who bought the shares “for investment”, filings show.
A March 26 filing shows Leung Heung Yu buying 96.38 million shares or a 24.17% stake on Jan 17.
A separate filing, dated March 26, shows Chong Fong Yu holding a 7.35% stake after buying 29.3 million shares or a 7.35% stake on Feb 28.
The PN17 company has until the end of June to submit its regularisation plan to Bursa Malaysia.
Shares of beverage products maker Power Root Bhd have been on a decline since January, slipping 40% over two months — from RM1.97 on Jan 12 to its recent low of RM1.18 on March 23.
Closing at RM1.30 on April 4, Power Root shares retraced some of its recent losses, perhaps helped in part by share purchases by its executive directors.
On March 26, executive director Datuk Wong Fuei Boon acquired three million shares or a 0.9% stake, raising his holding to almost 20%. On the same day, executive director Datuk How Say Swee acquired two million shares, raising his stake to about 20%, while managing director Wong Tak Keong acquired 1.5 million shares, upping his holding to 9.5%.
Over at Apex Equity Holdings Bhd, its share price dropped to its lowest in more than four years when it closed at 99.5 sen last Wednesday. The stock has fallen 24% from RM1.41 on March 9 to RM1.07 on March 23.
On March 26, Permanent Mutual Holdings Sdn Bhd bought 3.44 million shares or a 1.7% stake in Apex Equity, which owns stockbroking firm JF Apex Securities Bhd. Permanent Mutual is the vehicle of Chan Guan Seng, the former executive chairman of Apex Equity.
On the same day, Lim Teck Seng, 48, who has been with the group since 2010, resigned as executive director. The group appointed Zulazman Zulkifli, 50, who has over 20 years of experience in stockbroking and property, as an executive director. The group also appointed former inspector-general of police Tan Sri Khalid Abu Bakar as a non-executive director.