KUALA LUMPUR (Sept 29): China-based Multi Sports Holdings Ltd substantial shareholder Erwin Selvarajah Peter Selvarajah acquired an additional 11.12 million shares in the sport shoes sole maker, raising his shareholding to 9.99%.

Multi Sports said Selvarajah acquired the block of 11.12 million shares in open market, increasing his shareholding to 51.7 million shares or 9.99% stake, making him the second largest shareholder in the sports shoes sole manufacturer.

The largest shareholder is Power Wide Holdings Ltd, which owns a 34.03% equity interest in the company.

On Sept 22, Selvarajah emerged as substantial shareholder, with 31.7 million shares or 6.13% equity stake.

Pemanis is the manufacturer and distributor of the PepsiCo beverage franchise, which includes brand such as Pepsi, Miranda, Revive Isotonic, Gatorade, Lipton, Tropicana and Evervess.

Subsequently, Selvarajah bought another two blocks of share of 5.5 million and 3.38 million on Sept 23 and Sept 25 respectively.

Shares in Multi Sports closed 0.5 sen or 5% lower at 9.5 sen today, for a market capitalisation of RM51.8 million.

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