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.
TOP PICKS BY EDGEPROP
Seasons Luxury Apartments @ Amara Larkin
Johor Bahru, Johor
Kundang Industrial Park (Kawasan Perindustrian Kundang)
Rawang, Selangor
Regalia Business Centre, USJ 1
Subang Jaya, Selangor
Tropicana Avenue Serviced Residences
Tropicana, Selangor
Meridin East The Greenway & The Eden
Pasir Gudang, Johor