After Lee Kim Yew, two more substantial shareholders emerge in SMTRACK (0169) SMTRACK BHD
KUALA LUMPUR (Jan 7): SMTrack Bhd has announced the appointment of Datuk Lim Hwa Tat as executive director, concurrent with his emergence as a substantial shareholder with a 5.14% stake.
Lim, who is also managing director of Sersol Bhd, acquired 29 million shares in SMTrack in the open market on Friday (Jan 7).
In a separate filing, SMTrack also appointed Datuk Seri Tan Choon Hwa as a non-independent non-executive director, after he raised his stake to 5.4%, from 3.16% previously.
Tan acquired 20 million shares in SMTrack on Jan 6 for 26 sen apiece or RM5.2 million — also in the open market.
The two substantial shareholders emerged within one week of the presence of Tan Sri Lee Kim Yew as a 5.05%-shareholder in SMTrack on Dec 31, 2021.
On Jan 6, SMTrack denied a news report which speculated the possible emergence of a “Datuk Seri” as a substantial shareholder in the company.
SMTrack’s shareholding is fragmented. Tan is now the largest shareholder, followed by Lim and Lee. Other shareholders in the company include Jacqueline Lee Fei Fei (2.13%) and Lim Shiou Ghay (1.94%), Bloomberg data showed.
The latest shareholding changes came amid news that a government-linked company (GLC) is eyeing a 10% stake in the radio frequency identification company.
In confirming the news, SMTrack said on June 6 that it is in early negotiations with a GLC “of which no agreement has been reached at this juncture”.
Shares of SMTrack have been rallying since Dec 17, 2021. From 9.5 sen, the counter has risen by 20 sen or 210.53%. The counter last closed up 1.5 sen or 5.36% to 29.5 sen, valuing the ACE-listed company at RM166.44 million.
http://www.theedgemarkets.com/article/after-lee-kim-yew-two-more-substantial-shareholders-emerge-smtrack
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
What do I fear?20 hours ago
-
-
-
The Price Of A Thousand Yen22 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
CICT 1Q2024 Business Updates2 days ago
-
-
-
-
-
-
-
-
-
Keyboarding Warriors3 days ago
-
-
-
-
Cory Diary : Portfolio updates4 days ago
-
-
-
Weekly Markets Outlook4 days ago
-
-
-
Portfolio Update5 days ago
-
-
-
-
-
-
-
-
-
Buying a home for face1 week ago
-
-
-
-
-
Finance Investment Movement 441 week ago
-
-
Market indeed coming down1 week ago
-
-
-
-
-
-
Banks and Miles Report – Mar 20242 weeks ago
-
Revisiting Bitcoin2 weeks ago
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
Retirement Journey Update for March 20243 weeks ago
-
-
-
1Q 2024 Investment Strategy Update3 weeks ago
-
-
Portfolio Summary for March 20243 weeks ago
-
-
-
Portfolio (March 30, 2024)4 weeks ago
-
-
-
QAF #77 - 2023 Annual Report4 weeks ago
-
Lentor Hills Residences4 weeks ago
-
Burnt out!4 weeks ago
-
-
-
Feb 2024 Expenditure4 weeks ago
-
-
Starting Our Second Property Cycle5 weeks ago
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-
Home
SMTRACK
After Lee Kim Yew, two more substantial shareholders emerge in SMTRACK (0169) SMTRACK BHD