China Stationery's founder, executive director trim stake

China Stationery's founder, executive director trim stakes

China Stationery's founder, executive director trim stakes

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KUALA LUMPUR (July 13): China Stationery Ltd's founder Chan Fung @ Kwan Wing Yin and executive director Angus Kwan Chun Jut have trimmed their stake in the company from 19.47% to 18.69%.

According to a bourse filing today, the disposal of the 0.78% stake or 9.6 million shares was carried out through Lead Champion Group Ltd on July 11. The shares were sold at 8 sen each.

Bursa Malaysia had on May 24 publicly reprimanded China Stationery and six directors, including Chan and Kwan, for breaches of listing requirements. The six directors were fined a total of RM59,600.

China Stationery shares closed 0.5 sen or 5.88% higher at 9 sen today, for a market capitalisation of RM111.85 million.