<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 30): Industronics Bhd (KL:<a href="/askedge/klse/9393" class="ce-stock" target="_blank">ITRONIC</a>) on Friday saw the emergence of Datuk Wira Yong Chong Cheang as a substantial shareholder.</p></div>

<div class=newsTextDataWrapInner><p>This came as Yong’s vehicle, Hexatech Energy Consolidated Sdn Bhd, acquired 43 million Industronics shares, representing a 6.08% stake, according to a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>No price tag was disclosed in the filing. However, <em>Bloomberg</em>’s off-market data indicates the block was traded at six sen apiece, or RM2.58 million in total.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The six sen per share consideration represents a 50% premium to the counter’s close on Friday of four sen.</p></div>

<div class=newsTextDataWrapInner><p>Yong, a substantial shareholder of HE Group Bhd (KL:<a href="/askedge/klse/0296" class="ce-stock" target="_blank">HEGROUP</a>), now holds a 1.8% direct stake and an indirect stake of 7.18% in Industronics via Hexatech Energy Consolidated.</p></div>

<div class=newsTextDataWrapInner><p>Industronics designs, manufactures and installs electronics, telecom, AV multimedia, intelligent transport and ICT systems.</p></div>

<div class=newsTextDataWrapInner><p>Industronics’ other substantial shareholders include Luk Tung Lam with a 13.143% stake and independent non-executive chairman Datuk Leong Sir Ley with 6.319%.</p></div>

<div class=newsTextDataWrapInner><p>Based on the latest closing price, Industronics Bhd's market value is RM28.3 million.</p></div>


Industronics Bhd (KL:ITRONIC) on Friday saw the emergence of Datuk Wira Yong Chong Cheang as a substantial shareholder.

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