KUALA LUMPUR (Oct 27): Liew Fat Lin Holding Sdn Bhd, the major shareholder of Yong Tai Bhd, has disposed 3.74% stake or 1.5 million shares in the garment manufacturer at an undisclosed price.

In a filing to Bursa Malaysia this evening, the share sales reduced Liew Fat Lin's direct stake to 0.13% or 50,522 shares and indirect shareholdings to 20.67% or 8.29 million shares.

Yong Tai managing director Wong Liew Lin @ Liew Fat Lin and his family controls Liew Fat Lin Holdings.

Yong Tai has interests in manufacturing and retailing of fashionable knitted and woven garments with in-house dyeing, designing, sewing and marketing capabilities.

In 2004, the group ventured into polyurethane and petrol chemical business in China by teaming up with Samchem Sdn Bhd.

Shares in Yong Tai closed one sen higher to RM1.04, giving it a market capitalisation of RM41.72 million.