Datuk Law Tien Seng is now the largest shareholder in Hiap Teck Venture Bhd with a direct shareholding of 27.64%, a filing with Bursa Malaysia yesterday showed.
Law bought a 10.38% stake or 34 million shares from managing director Kua Hock Lai at RM1.46 per share on Monday. He had in April acquired 17.08% stake at RM1.60 per share from the latter.
Kua now had a 0.06% direct stake and 7.80% indirect stake in the company, the company said.
- by thestar.com.my
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