Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Aug 7): Xian Leng Holdings Bhd said its executive director Datuk Ng Jet Heong is now a substantial shareholder in the company after acquiring 6.98 million shares off-market, representing a 9.65% stake in the group, today.

Bloomberg data shows that the shares were transacted in five separate blocks, for a total of RM3.14 million. The transactions were carried out at 45 sen per share.

According to Xian Leng's 2017 Annual Report, Ng was appointed as executive director of the group on May 25. Previously, Ng served as executive director of Yong Tai Bhd between August 2014 and March 2016.

Xian Leng’s share price closed 1.5 sen or 2.63% higher at 58.5 sen today, giving it a market capitalisation of RM42.31 million.

      Print
      Text Size
      Share