KUALA LUMPUR: Serba Dinamik Holdings Bhd group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah (pic) has disposed of 25 million shares or a 4.6% stake in KPower Bhd.
Filings with Bursa Malaysia yesterday showed that the shares, which were sold below market value, were disposed of via a direct business transaction.
The filings showed that 25 million shares were sold on two separate occasions.
The first tranche of 21.25 million shares were sold on Tuesday at 40.9 sen per share, while the remaining 3.75 million shares were sold yesterday at 45 sen per share.
The disposal has trimmed Mohd Abdul Karim’s stake to 15.2% in KPower.