<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 7): Sim Keng Chor, who is the executive vice-chairman of Unitrade Industries Bhd (KL:<a href="/askedge/klse/0247" class="ce-stock" target="_blank">UNITRAD</a>), has ceased to be a substantial shareholder of property developer Maxim Global Bhd (KL:<a href="/askedge/klse/4022" class="ce-stock" target="_blank">MAXIM</a>).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Tuesday, Maxim said that Sanlens Sdn Bhd, the private vehicle of Sim and his sons, has sold 32.22 million shares, equivalent to a 4.38% via a direct business transaction on Monday.</p></div>

<div class=newsTextDataWrapInner><p>According to Maxim's latest annual report, Sim had a 6.12% stake in the company through Sanles. The disposal trimmed his total stake in the company to 1.74%, or 12.8 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></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 28 sen apiece, or RM9.02 million in total. It was unclear at the time of writing who subscribed to Sim’s block.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The 28 sen per share consideration represents a 8.2% discount to the counter’s closing price of 30.5 sen on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Share in Maxim rose two sen or 7.02% to 30.5 sen on Tuesday, valuing the company at RM224.3 million.</p></div>

<div class=newsTextDataWrapInner><p>Maxim returned to the black in the financial year ended Dec 31, 2021. For FY2025, it posted a net profit of RM33.44 million on revenue of RM443.78 million.</p></div>


Sim Keng Chor, who is the executive vice-chairman of Unitrade Industries Bhd (KL:UNITRAD), has ceased to be a substantial shareholder of property developer Maxim Global Bhd (KL:MAXIM).

Unitrade’s vice-chairman Sim Keng Chor ceases to be substantial shareholder of Maxim Global

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