Halex's Yeoh ceases to be substantial shareholder after disposing 12.12% stake

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KUALA LUMPUR (Oct 13): Halex Holdings Bhd managing director Yeoh Cheng Poh has ceased to be a substantial shareholder in the company after disposing 12.84 million shares that represents a 12.12% stake in the agrochemicals agency for RM12.59 million.

According to fillings with Bursa Malaysia today, Yeoh has ceased to be a substantial shareholder on Oct 10 after disposing the 12.12% stake at 98 sen apiece.

Following the disposal, Yeoh is left with 2 million shares or 1.89% direct interest, and 593,125 shares or 0.56% indirect interest in Halex.

Halex ended the day 1 sen or 1.16% lower at 85 sen, giving it a market capitalisation of RM90.08 million.