KUALA LUMPUR: Matrix Concepts Holdings Bhd
founder and group executive deputy chairman Datuk Seri Lee Tian Hock has recently transferred 10 million shares in the company to his son, Kelvin Lee Chin Chuan, who serves as a group executive director on the board.
The Sept 30, 2025, transaction increases Kelvin Lee's direct shareholding in the company to 26.34 million shares or about 1.403% stake, while he maintains an indirect/deemed interest of three million shares or 0.16% stake via his spouse.
According to a statement by the property developer, Kelvin, who is the second son of the elder Lee, will be driving the next phase of the company's growth.
However, the company noted that both directors will continue to play pivotal leadership roles in guiding the company going forward.
"The company is looking forward to this chapter as we continue to strengthen our position as a leading developer and trusted brand," it said.
A bourse filing shows that the elder Lee on the same date transfered Matrix Concepts shares to two of his other children - four million shares to Harry Lee Chin Yeow and one million shares to Vivian Lee Chin Shean.
Following these transfers of shares, Lee holds 178.47 million shares or a 9.508% direct stake in the company, as well as 432.08 million shares representing 23.019% indirect/deemed interest.
