Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (May 4): Property investment and investment holdings company Pan Malaysian Industries Bhd (PMIB) has ceased being a substantial shareholder in four companies, including its associate Malayan United Industries Bhd (MUIB).

In separate filings to Bursa Malaysia today, MUIB, Pan Malaysia Corp Bhd (PMCB), Pan Malaysia Holdings Bhd (PMHB) and MUI Properties Bhd said PMIB disposed of most of its shares by virtue of its withdrawal of both direct and indirect stakes in MUIB.

MUIB has different percentages of interest in PMCB, PMHB and MUI Properties.

MUIB said PMIB disposed of 304.3 million direct and indirect shares as at April 28, 2015.

PMIB had 388.08 million shares or a 13.23% direct and indirect stake in MUIB.

Through MUIB, the PMIB group is primarily engaged in retailing, hotels, food and confectionery, financial services, properties and travel and tourism.

PMCB said PMIB unloaded 276.09 million shares or 38.97% deemed interest in it.

PMIB had 471.14 million direct and deemed shares or a 66.5% stake in PMCB as at April 20, 2015.

As for PMHB, PMIB disposed of 642.7 million shares or 69.19% deemed interest in the group.

In MUI Properties, PMIB removed its 50.83% deemed interest in it following the disposal of 376.6 million shares.

PMIB is headed by chairman Tan Sri Khoo Kay Peng, who also chairs and holds the chief executive officer's position in MUIB and MUI Properties.

Khoo, 76, also possesses interests of varying percentages in all four companies.

MUIB's share price closed unchanged at 17.5 sen today for a market capitalisation of RM513.2 million.

PMCB also closed flat at 28 sen, valuing it at RM198.3 million.

PMHB rose half sen or 1.52% to close at 33.5 sen for a market capitalisation of RM311.17 million.

MUI Properties shares were not traded today.

 

      Print
      Text Size
      Share