Ong is Perak Transit major shareholder


PETALING JAYA: Perak Transit Bhd’s new substantial shareholder, Datuk Ong Choo Meng, has raised his stake in the company to 7.6% after buying 4.76 million shares on Nov 1 and Nov 2 from the open market.

Perak Transit said in a filing with Bursa Malaysia that Ong now holds 53.16 million shares in the company where he emerged as a new major shareholder after buying some 13.73 million shares on Oct 28.

In a separate filing, Opcom Holdings Bhd said Ong acquired 1.4 million shares from the open market to raise his holdings in the company to 72.19 million shares or 25.866% stake.

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