PETALING JAYA: Revenue Group Bhd managing director and chief executive officer Eddie Ng has disposed his entire 11.93% stake in tyre maker Goodway Integrated Industries Bhd.
In a filing with Bursa Malaysia, Goodway said the disposal of Ng’s 14.5 million shares in the open market on July 9.
Ng bought into Goodway on Nov 14 last year, via a cross-market deal with an acquisition of 24.27 million shares or a 23.86% stake.
The closing price on that day was 14 sen per share.
He then disposed half his stake on Jan 6, through an off-market transaction. The counter’s closing price then was 19 sen.
Goodway closed half a sen or 3.03% lower at 16 sen yesterday with 3.57 million units traded.
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