Frontken chairman ups stake

Frontken chairman ups stake
-A +A

KUALA LUMPUR (Aug 14): Frontken Corp Bhd chairman and managing director Ng Wai Pin acquired 500,000 shares in the mechanical engineering services provider on the open market last Friday (Aug 11). 

Today, Frontken told Bursa Malaysia that Ng acquired the shares at 31 sen each. After the purchase, he owned six million shares or 0.57% in Frontken, according to Frontken.

At Bursa Malaysia, Frontken shares rose 2.5 sen or 8% at 12:30pm to settle at 33 sen, for a market value of RM335.35 million. The fifth most active stock saw some 19 million shares traded.