Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (March 9): Datuk Tey Por Yee is no longer a substantial shareholder in Practice Note 17 company Malaysia Pacific Corp Bhd (MPCorp), with the disposal of 650,000 shares in the company.

In a filing to Bursa Malaysia today, MPCorp announced that Tey, 40, had sold 447,000 shares on March 1 and subsequently 203,000 shares on the next day. His total shareholdings in the company shrunk to 14.35 million shares, or a 4.99% stake.

Tey emerged as a substantial shareholder in MPCorp in mid-July 2014 after his purchase of 15 million shares in the company, or a 5.21% stake.

Recently, Tey has been on a divestment spree. Apart from MPCorp, he has sold shares in several companies, namely Nexgram Holdings Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

MPCorp's share price closed unchanged at 18.5 sen today, with a market capitalisation of RM53.22 million.

 

      Print
      Text Size
      Share