KUALA LUMPUR: Carbon steel fastener manufacturer Chin Well Holdings Bhd
has clarified that its Managing Director Sunny Tsai Yung Chuan remains as the major shareholder via a 52.9% equity stake through its holding company Benua Handal Sdn Bhd.
Sunny Tsai and family members previously held a 67.4% equity stake in Benua Handal, while his brother Tsai Yung Yu, who is also a co-founder of Chin Well Group, held the remaining 32.6%, the company said in a statement on Wednesday.
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