news

Lee Koon Weng emerges as substantial shareholder of Meridian

KUALA LUMPUR (March 25): Meridian Bhd saw the emergence of Datuk Seri Lee Koon Weng as a substantial shareholder, after purchasing 7.72 million shares in the property developer via a direct business transaction and the open market.

In a bourse filing yesterday, Meridian said post-acquisition, Lee now holds 31.68 million shares or a 5.47% stake in the company.

Meridian shares closed up half a sen or 10% at 5.5 sen yesterday, valuing it at RM31.88 million.

Stay calm. Stay at home. Keep updated on the latest news at www.EdgeProp.my. #stayathome #flattenthecurve

Click here to see commercial properties for sale in Kuala Lumpur.

Click here for more property stories.

Looking for properties to stay or invest? With >150,000 exclusive listings 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. Urusharta Jamaah Sdn Bhd ceases to be substantial shareholder of MCT, WCT Holdings and Eastern & Oriental
  2. LBS Bina issues 1st tranche of perpetual sukuk worth RM130m
  3. Glomac’s 3Q net profit jumps over eight times to RM12.14m