news

Eco World chairman buys 276.9m shares from his son

KUALA LUMPUR: Eco World Development Bhd chairman Tan Sri Liew Kee Sin bought 276.98 million shares from his son Liew Tian Xiong in an off-market deal on Tuesday, the Star reported yesterday.

Filings with Bursa Malaysia showed Liew acquired the shares “for family estate planning”.

Tian Xiong is executive director at the same company.

The shares were traded in an off-market deal at 46.6 sen or 20.9 sen below Monday's close of 67.5 sen. The shares accounted for a 9.40% stake based on its shares out of 2.94 billion shares.

After the disposal, Tian Xiong's direct stake was reduced to 7.66% or 225.78 million shares.

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. 2010-2019: The decade of disruption - No pause in M&A deals amid property slowdown
  2. UEM Sunrise may buy Eco World in share swap: Report
  3. EcoWorld 1Q profit comes in 3 times higher on stronger JV profit