PETALING JAYA: Despite the cooling measures for the property market, Mah Sing Group Bhd
’s major shareholder is visibly confident that his company will not be negatively impacted.
Last Friday, Tan Sri Leong Hoy Kum exercised some 25.25 million warrants, moving his holdings in the property developer to 35.51% or 502.03 million shares. Leong forked out around RM50mil, paying an exercise price of RM1.98 per warrant for the 25 million shares.
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