2 weeks Ago
PETALING JAYA: Magma Group Bhd has announced a change in the composition of its substantial shareholders following the allotment of consideration shares pursuant to the proposed acquisition that was approved at its EGM last month. In a statement, the company said Skyload Express Sdn Bhd has emerged as a direct substantial shareholder, holding 120 million ordinary shares or 7.697% of Magma’s total issued share capital.
In relation to the same exercise, Empire Solaris Sdn Bhd became a substantial shareholder through an indirect interest in the same number of shares. Among individual investors, Datuk Lee Chong Wei has acquired a direct interest in 26.5 million shares (1.
700%) and an indirect interest in 127 million shares (8.146%). Meanwhile, Lee Kim Hai now holds an indirect interest in 120 million shares (7.
697%). Meanwhile, Datuk Seri Lee Hock Seng, already a substantial shareholder, now holds a direct interest of 120.8 million shares (7.
748%) and an indirect interest of 182 million shares (11.673%), bringing his total interest to approximately 19.421% of the group’s issued capital.
“These shareholding changes are a direct outcome of the consideration of share allotments to Skyload under the acquisition exercise,” said Magma..
