Ali Abbas sells entire stake

KUALA LUMPUR: Bright Packaging Industry Bhd’s non-executive director Datuk Seri Syed Ali Abbas Alhabshee has ceased to be a substantial shareholder of the company following the disposal of his entire shareholding.

In a filing with Bursa Malaysia, Bright Packaging said Syed Ali had disposed 12 million shares in Bright Packaging at 50 sen each in a direct business transaction to Asia Media Group Bhd CEO Datuk Wong Shee Kai.