Asian Pac’s substantial shareholder acquires more shares

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KUALA LUMPUR (Oct 14): Asian Pac Holdings Bhd’s substantial shareholder Mah Sau Cheong and spouse Chin Lai Kuen have acquired an additional 2.53 million shares in the company for a total of RM763,170, from open market transactions between Sept 26 and Oct 3.

According to filing with Bursa Malaysia today, the shares that represent a 0.26% equity interest in Asian Pac were purchased at prices ranging from 30 sen to 30.5 sen.

Following the acquisition, Mah and Chin jointly own 169.4 million shares or 17.11% direct interest, and 5.75 million shares or 0.58% indirect interest in Asian Pac, which is a property developer.

Asian Pac closed unchanged at 27 sen today, with a market capitalisation of RM267.24 million.