Translate This Page

Friday, August 8, 2014

Scanwolf major shareholders pared stakes via off-market (Edge)

Two of Scanwolf Corp Bhd's major shareholders, Datuk Loo Bin Keong and Datuk Tan Sin Keat, have pared their stakes in the loss-making furniture parts manufacturer via off-market transactions today.

Some 20 million shares or 26.56% in Scanwolf were crossed for 50 sen a share or a total of RM10 million.

According to Scanwolf's filings with Bursa Malaysia, Loo, who is Scanwolf's chief executive officer and single-largest shareholder, sold a block of 16 million shares, leaving him with 7.9 million shares or a 10.43% direct stake and 0.04% indirect portion.

Meanwhile, Tan, an executive director of Scanwolf, ceased to be a substantial shareholder of the company after selling four million shares, leaving him with 3.07 million shares or 4.08%.

No comments: