Platinum Victory's ED emerges as substantial shareholder of Red Ideas

KUALA LUMPUR (Jan 15): Property developer Platinum Victory Sdn Bhd's executive director Gan Yee Hin has emerged as a substantial shareholder of Red Ideas Holdings Bhd, the developer of the private community platform JaGaApp.

A bourse filing yesterday showed Gan acquiring 8.42 million shares in the the LEAP Market-listed technology-based company via a direct business transaction, bringing his total shareholding to 13.42 million or a 12.78% stake. The seller of the 8.42 million shares was not known at the time of writing.

Red Ideas shares are not traded today. They last closed at 19 sen apiece, bringing it a market capitalisation of RM20 million.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates

Click here for more property stories.