KUALA LUMPUR: Lagenda Properties Bhd
has disclosed that former chairman Datuk Doh Tee Leong has raised his stake in the company to 57.451%, both directly and indirectly.
In a filing with Bursa Malaysia, Lagenda Properties said Doh acquired five million shares on May 31 through Lagenda Land Sdn Bhd.
He also acquired 1.17 million shares on the same day raising his stakes to 57.451%. He owns a direct stake of 0.141%.
Lagenda Properties closed up four sen, or 3.28% at RM1.26 with 24.24 million shares traded.
The property developer, in response to an unusual market query from Bursa Securities last week, said it had become aware of news reports that the Malaysia Anti-Corruption Commission (MACC) had granted a four-day remand order involving a senior personality of the company.
It said the investigation is isolated from Lagenda's business operations and that the operations of the group remained unaffected by the event.
