Revenue’s Eddie Ng sells Goodway stake


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 (pic) 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.

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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Revenue Grop , Eddie Ng , Goodway , stake buy ,

   

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