Chen Khai Voon ceases to be substantial shareholder in Genetec

The Edge Malaysia
2025.05.05 14:41
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Chen Khai Voon has reduced his stake in Genetec Technology Bhd from 15.8% to below 5%, ceasing to be a substantial shareholder. His vehicle, KVC Corp Sdn Bhd, sold 8 million shares on May 2, bringing his total to 38.74 million shares (4.97%). The transaction's price was not disclosed, but the stake was valued at approximately RM8.72 million based on the closing price of RM1.09. Following this, the remaining substantial shareholders are managing director Chin Kem Wang and the Employees Provident Fund. Genetec's shares fell 6.42% to RM1.02, valuing the company at RM807.13 million.