PETALING JAYA: A total of 15 million shares in Malaysia Pacific Corp Bhd (MPCorp), amounting to some 5.2% of the total paid-up capital in the company, have been sold off by its former chief executive officer (CEO) and controlling shareholder Bill Ch’ng Chong Poh to businessman Tey Por Yee, sources said.
A filing with Bursa Malaysia confirmed that Ch’ng had disposed of 15 million shares at 55 sen apiece on July 18. No buyer has been disclosed yet.
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