Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 2): Chinese national Xie Zhidong has disposed of 8.1 million shares or 2.4% equity interest in shoe manufacturer Xingquan International Sports Holdings Ltd over the past two months after emerging as a substantial shareholder in May.

Xie has been disposing stakes in Xingquan between Aug 7 and Sept 25 after emerging as a major shareholder in Xingquan with an estimated 9% stake on May 16.

Despite the recent disposal, Xie is still a substantial shareholder in the China-based firm and owns some 6.7% or 22.63 million shares in Xingquan, according to a filling with Bursa Malaysia today.

As at 4.10pm, Xingquan’s counter has fallen 1 sen to 53.5 sen or 1.83%, translating to a market capitalisation of RM182.55 million.

 

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