Lodin trims stake in Boustead Plantations

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KUALA LUMPUR (Sept 23): Boustead Plantations Bhd deputy chairman Tan Sri Lodin Wok Kamaruddin has sold 3.15 million shares, representing a 0.2% stake, in the company for RM4.73 million.

Filings with Bursa Malaysia showed that Lodin disposed of three million shares and 151,400 shares on Tuesday (Sept 20) and yesterday (Sept 22) respectively, at RM1.50 per piece.

Following the disposal, his shareholding in the company is 28.23 million or a 1.76% stake.

On Sept 20, Lodin also sold three million shares in Boustead Holdings Bhd at RM2.22 apiece, for a total value of RM6.66 million. The disposal trimmed Lodin's shareholdings in Boustead Holdings to 52.26 million shares, representing a 2.58% stake.

Lodin's investment cost for these blocks of shares is not known.

At 3.40pm, shares of Boustead Plantations and Boustead Holdings were both up one sen, at RM1.50 and RM2.22 respectively.