Silver Ridge exec director ceases to be its substantial shareholder

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KUALA LUMPUR: Silver Ridge Holdings Bhd executive director Voon Sze Lin has ceased to be a substantial shareholder of the telecommunication equipment supplier following the disposal of 3.06% indirect interest last week.

GV Asia Fund Ltd’s open-market disposal of the 3.706 million shares on Thursday and Friday last week left Voon, the company’s second biggest shareholder, with only his direct stake of 4.61%.

Based on the counter’s closing price of 17.5 sen on Tuesday, the disposed shares have a market value of RM648,532.

Silver Ridge, which posted a loss attributable to shareholders of RM3.46mil during the financial year ended Dec 31, 2016, incurred an unaudited loss of RM2.1mil in the first nine months of this year.