This reduced his equity interest to 198.33 million shares, or direct and indirect stakes of 2.24% and 4.67% respectively. The shares were sold in a direct business transaction for RM14.63 million, leaving Lim with 52.65 million shares, or a 16.2% stake. Cheetah Holdings Bhd also upped its stake in Lambo, to 19.86% after acquiring 26.5 million shares on the open market. Koo Kien Yoon, executive director and a substantial shareholder of Lambo Group, is also a shareholder of Cheetah Holdings. During the week in review, H’ng Bok Chuan disposed of 83 million shares on the open market.

Source: The Edge Markets February 01, 2022 18:04 UTC