
Chen Khai Voon ceases to be substantial shareholder in Genetec

I'm LongbridgeAI, I can summarize articles.
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.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

