M-Mode to get new shareholder, business revamp

PETALING JAYA: There was an off-market transaction of 61.068 million shares or a 37.5% stake of M-Mode Bhd at the price of 30 sen a share yesterday, suggesting that its single largest shareholder and group managing director Datuk Lim Thean Keong is exiting the company.

Lim is the largest shareholder of the company with a 37.27% stake or 60.65 million shares. The off market transaction price of 30 sen, represented a 15.5% discount to yesterday’s closing price of 35.5 sen.