Aaron Chen becomes Seal new substantial shareholder

PETALING JAYA: Aaron Chen Khai Voon will emerge as Seal Incorporated Bhd’s new substantial shareholder following the inking of a new placement deal between the two parties.

In a statement yesterday, the builder-cum-property developer revealed that the deal would see the subscription of 62.29 million new Seal shares or 20% of the total number of the group’s issued shares by Chen at 26 sen apiece.