Shareholding dilution in SMTrack


In a filing with Bursa Malaysia yesterday, SMTrack said this followed the dilution of shareholdings due to the enlarged share capital of the company, which arose from the conversion of redeemable convertible notes.

PETALING JAYA: SMTrack Bhd has announced that Tan Sri Lee Kim Tiong, Datuk Seri Tan Choon Hwa and Datuk Justin Lim Hwa Tat have ceased to be substantial shareholders of the company.

In a filing with Bursa Malaysia yesterday, SMTrack said this followed the dilution of shareholdings due to the enlarged share capital of the company, which arose from the conversion of redeemable convertible notes.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
SMTrack Bhd , shareholding , dilution

Next In Business News

Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds
Shin Yang secures RM117.7mil vessel deal
UOA REIT reports threefold profit increase in 4Q25
Perak Transit appoints Ismail Jamal as general manager
Pantech cautiously positive on outlook
AmBank Group provides RM103.8mil financing for Kedah solar project
Malaysia Aviation Group names Bryan Foong airline business CEO, Low Wen Long strategy chief
FBM KLCI rebounds to reclaim 1,700 level
Oil prices fall as risks from Kazakh production halt subside
Gold zooms past US$4,800 for the first time as Greenland tensions simmer

Others Also Read