<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 4): Ekovest Bhd (KL:<a href="/askedge/klse/8877" class="ce-stock" target="_blank">EKOVEST</a>), the controlling shareholder of PLS Plantations Bhd (KL:<a href="/askedge/klse/9695" class="ce-stock" target="_blank">PLS</a>), has transferred some PLS shares to an adviser to pay for services rendered in relation to a corporate proposal that Ekovest undertook previously.</p></div>

<div class=newsTextDataWrapInner><p>PLS revealed in a bourse filing that the transfer took place on Wednesday and involved 167,731 PLS shares at 95 sen each, for a total of RM159,344.45. It did not reveal who the adviser is.</p></div>

<div class=newsTextDataWrapInner><p>The number of shares represents an about 0.06% stake in the loss-making PLS, the filing showed, and trimmed Ekovest's shareholding from 61.66% to 61.57%, representing 270.66 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ekovest's major shareholder is its executive chairman Tan Sri Lim Kang Hoo, who owns a 28.01% stake in the construction company.</p></div>

<div class=newsTextDataWrapInner><p>Lim is also a major shareholder in Knusford Bhd (KL:<a href="/askedge/klse/5035" class="ce-stock" target="_blank">KNUSFOR</a>), Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (KL:IWCity).</p></div>

<div class=newsTextDataWrapInner><p>PLS shares closed two sen or 2.76% lower at 70.5 sen on Thursday, giving the group a market capitalisation of RM307.81 million. Ekovest traded half a sen higher at 47 sen, for a market capitalisation of RM1.38 billion.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/article/overwhelming-response-mgo-ekovest-now-holds-9124-stake-pls-plantation" target="_blank">Overwhelming response to MGO, Ekovest now holds 91.24% stake in PLS Plantation</a><br />
<a href="https://theedgemalaysia.com/article/ekovest-eyes-additional-24-stake-pls-plantations" target="_blank">Ekovest eyes additional 24% stake in PLS Plantations</a></em><br />
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Ekovest Bhd (KL:EKOVEST), the controlling shareholder of PLS Plantations Bhd (KL:PLS), has transferred some PLS shares to an adviser to pay for services rendered in relation to a corporate proposal that Ekovest undertook previously.

Ekovest pays for adviser's services using PLS shares

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