KUALA LUMPUR: Titijaya Group Sdn Bhd, a major shareholder in property developer Titijaya Land Bhd, disposed of 39.65 million shares on Tuesday.
A filing with Bursa Malaysia on Wednesday that after the disposal of the 3.1% stake, Titijaya Group's stake was reduced to 696.66 million shares or 54.78%.
Titijaya Land is an urban lifestyle developer with most of its projects in the Klang Valley.
On April 28, Titijaya’s unit Titijaya Resources Sdn Bhd agreed to collaborate with China's Sinopharm Medical Equipment QuanZhou Co. Ltd (SMEQ) to develop business in the marketing and sales, trading and supply of medical and hospital equipment and products and medical industry related real estate.
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