KUALA LUMPUR: Brahmal Vasudevan has ceased to be a substantial shareholder in e-government service provider My EG Services Bhd
(MyEG) after selling 900,000 shares in the company, paring his stake down to 4.96%. Prior to the disposal, he had a 5.11% stake, with a direct stake of 2.38% consisting of 13.19 million shares and an indirect stake of 2.88% or 17 million shares.
Brahmal first appeared as a substantial shareholder in MyEG on Oct 31, 2012 when he acquired 30 million shares for a total direct and indirect stake of 5.03%. At that time, MyEG’s shares were at the 78-sen level.
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