Cypark gets new substantial shareholder

PETALING JAYA: Cypark Resources Bhd has announced the emergence of a new substantial shareholder in Chung Dao, who has a 5.5% stake or 42.97 million shares after acquiring 40 million shares on Sept 14.

In a filing with Bursa Malaysia, the renewable energy and solid waste management company said the acquisition of the shares occurred the day Chung Chee Yang ceased to be a substantial shareholder after disposing of 40 million shares.

This left him with 37.43 million shares or a 4.77% stake in the company.