Ulasan Teguh, deputy chairman par down stake in Voir

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KUALA LUMPUR (Sept 8): Voir Holdings Bhd's non-independent non-executive deputy chairman Dr Mohd Amir Sharifuddin Hashim has ceased to be a substantial shareholder in the fashion retail company.

In a filing with Bursa Malaysia today, Voir said that Mohd Amir and Hazlina Hamid have both ceased to be substantial shareholders in Voir, through the disposal of 3.95 million indirect shares held through Ulasan Teguh Sdn Bhd.

The shares were disposed at 40 sen per share on Sept 4, 2015, resulting in a disposal consideration of RM1.58 million.

After the disposal, Amir holds some 5.97 million shares in the company, representing a 4.97% stake, from a 8.27% stake previously.

Voir shares were last traded on Sept 2 at 40 sen, for a market capitalisation of RM48 million.

Simultaneously, Ulasan Teguh ceased to be a substantial shareholder of the company. Ulasan Teguh was the second largest shareholder of Voir. Marvellous Future Sdn Bhd remains the largest shareholder with 55.78% stake, while Distinct Seasons Sdn Bhd owns 6.95%.

In its latest financial quarter ended June 30, Voir widened its net loss to RM4.63 million, from RM2.9 million in the previous corresponding quarter, on the back of declined revenue of RM29.91 million, down 16% from RM35.76 million.

For the first half, Voir sunk deeper into the red, with a RM5.47 million net loss, from RM3.92 million a year ago. Revenue dropped 7% to RM74.98 million, from RM80.84 million.

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