PETALING JAYA: Property developer Selangor Dredging Bhd
is dismissing speculation that major shareholder as well as group managing director Teh Lip Kim is taking the company private.
Teh has been steadily increasing her stake in the company and now holds a direct 18.31% stake compared to 15.75% in January 2012. Including her indirect holdings held mostly under Teh Wan Sang & Sons Sdn Bhd and Teh Kien Toh Sdn Bhd, she now holds close to 60% of the company.
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