Lityan Holdings Bhd group managing director and CEO Nor Badli Mohd Alias has disposed of his entire stake in thecompany. The stake, comprising 1.25m shares or 1.98% of the issued shares was disposed of at RM3.13 per share at a totalvalue of RM3.91m on Tuesday. Nor Badli had purchased the shares en bloc on Oct 27 at RM1 per share. According to asource familiar with the restructuring of Lityan, the stake acquired and then sold by Nor Badli was part of the company’srestructuring scheme. He added that as part of the restructuring plan, 17.2m shares were issued to creditors of which 16.8mwere successfully placed out and issued on Oct 27 at a reference price of RM1 per share. (Starbiz)
so clever this MD cum CEO!
speculators be careful!
My Portfolio Mac24
1 week ago
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