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Great Eastern, OCBC sell Salcon stakes

01/26/2015 | 09:41pm US/Eastern

KUALA LUMPUR: Oversea-Chinese Banking Corp Ltd (OCBC) and Great Eastern Holdings Ltd have ceased to be substantial shareholders of Salcon Bhd after disposing of 1.09 million shares of 50 sen each in the company. In a filing to Bursa Malaysia yesterday, Salcon said both OCBC and Great Eastern now held 33.2 million shares, or 4.98 per cent deemed interest, in the group. Salcon shares closed five sen, or 0.79 per cent, higher at 63.5 sen yesterday, with a market capitalisation of RM423.23 million.

(c) 2014 The New Straits Times Press (Malaysia) Berhad. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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