Pau Chiong ceases to be Hubline’s substantial shareholder

KUCHING: Hubline Bhd’s second largest shareholder Pau Chiong Ching had aggressively sold down his stake in the shipping company over the past five months.

From owning more than 450 million shares of 20sen each or 13.9% in early September, last year, Pau had reduced his stake to about 174 million shares or less than 5%. He ceased to be a substantial shareholder after disposing off 8.4 million shares at 5sen each on Jan 29.