KUALA LUMPUR (July 14): PDZ Holdings Bhd executive director Ho Jien Shiung has reemerged as a substantial shareholder of Fitters Diversified Bhd.
According to a bourse filing on Friday (July 14), Ho acquired 125.71 million shares or a 5.37% stake in Fitters Diversified, raising his shareholding to 242.21 million shares or a 10.35% stake.
Previously, Ho ceased to be a substantial shareholder of Fitters Diversified back in April this year, after he disposed of 40 million shares, thus reducing his stake to 4.53% or 106.11 million shares.
It is worth noting that over the past two weeks, Fitters Diversified has seen the cessation of two of its substantial shareholders.
On June 30, Sanichi Technology Bhd ceased to be a substantial shareholder of the group after it dumped its entire equity interest of 6.7% or 156.92 million shares.
Meanwhile, Arena Evolusi Sdn Bhd’s substantial shareholder status ceased on July 13, after it offloaded 73.8 million shares or a 3.15% stake, cutting its stake in the group to 4.3%.
Besides Ho, Fitters Diversified’s other substantial shareholders are Cita Realiti Sdn Bhd with a 10.29% stake, Pembinaan Viana Sdn Bhd (9.86%) and Sanichi founder and group managing director Datuk Seri Dr Jacky Pang Chow Huat (8.12%).
Shares in Fitters Diversified ended half a sen or 14.29% higher at four sen, giving the group a market capitalisation of RM99.33 million.