KUALA LUMPUR: Lim Chee Meng, the controlling shareholder of Taliworks Corp Bhd, has emerged as the third-largest shareholder in Thriven Global Bhd, in which Home Minister Tan Sri Muhyiddin Yassin’s son is the biggest stakeholder.
One block of 30 million shares was placed out to Lim. This bumped up Lim’s shareholding to 9.89%, or 54.11 million shares, in Thriven Global, according to its filing with Bursa Malaysia yesterday.
The share purchase makes Lim the third-largest shareholder of Thriven Global after Teladan Kuasa Sdn Bhd, which is the largest shareholder holding a 27.16% stake, followed by Mulpha International Bhd with a 22.18% stake.
Datuk Fakhri Yassin Mahiaddin, the son of Muhyiddin, is deemed to be the major shareholder through Teladan Kuasa. Fakhri is the executive chairman of Thriven.
This confirms The Edge Financial Daily article yesterday entitled “Taliworks boss said to take up substantial stake in Thriven”.
The filing did not disclose the price of the transaction. However, Thriven Global on March 7 fixed the issue price for the private placement at 19.5 sen per placement share. As such, the total transaction amounted to RM5.85 million.