Hampton Capital buys 31% in Yi-Lai

PETALING JAYA: Hampton Capital Pte Ltd has emerged as a substantial shareholder in local tile manufacturer Yi-Lai Bhd after acquiring a 31.12% stake.

In an announcement to Bursa Malaysia, Yi-Lai said that Singapore-based Hampton Capital had acquired 49.67 million shares, equating to the said 31.12% stake, in the former on May 22 in an off-market purchase.

On May 23, Yi-Lai announced that its substantial shareholders had disposed off their entire stakes in the company at RM1.30 per share.

Major shareholder and managing director Lim Oon Kok disposed off his entire 28.54% stake, while his daughter Lim Yun-Li, who is a director, sold her entire direct stake of 4.12 million shares.

Their shareholdings represented a 31.12% stake.

Yi-Lai also announced that Oon Kok’s wife and two other daughters had sold their stakes, amounting to a total of 9.4 million shares, at the same price. Oon Kok and his family are Singaporean.

Hampton Capital’s shareholders are Aaron Tan Jian Hong and Wendy Kang, who now have an indirect stake in Yi-Lai through the acquisition.

Tan is Malaysian while Kang is Singaporean.