KUALA LUMPUR: TCS Group Holdings Bhd announced that James Liew Vun Tak has become a substantial shareholder after acquiring an 11.9% stake from its managing director, Datuk Ir Tee Chai Seng.
Tee said the group is pleased to welcome Liew as TCS’s new strategic, long-term shareholder and partner.
“The group is excited as James Liew brings with him vast experience in the infrastructure construction space with an established track record following his involvement in several major infrastructure and building projects in East Malaysia including highways and bridges. Therefore, this creates strong synergies for TCS as we look to further enhance our presence in East Malaysia,” he said in a statement.
Liew holds both a Bachelor of Arts (BA) degree and a Master of Engineering (MEng) from the University of Cambridge, United Kingdom.
TCS closed flat at 13.5 sen, down approximately 10% over the past six months.