KUALA LUMPUR (March 24): Censof Holdings Bhd saw Erwin Selvarajah Peter Selvarajah ceasing to be a substantial shareholder of the company after disposing of some of his stake in the company. 

In a filing with Bursa Malaysia today, the financial management software solutions provider said Erwin had disposed of some 1.60 million shares in the company on the open market on March 23. 

Following this, his equity interest in the company has come down to 4.92% or 24.69 million shares.

Erwin, who held 27.64 million shares or a 5.508% stake in the company on Feb 19, 2019, appeared to have gradually disposed of his shares.

Starting from March 9, he sold 542,000 shares in the company, followed by 124,000 shares and 145,700 shares on March 11 and 12 respectively. On March 13 and 16, he sold 423,700 shares and 109,500 shares respectively. 

Erwin first emerged as a substantial shareholder of Censof in June 2018.

Censof’s shares closed unchanged at nine sen today, giving it a market capitalisation of RM45.16 million, after some 2.37 million shares were traded.