Nextgreen Global Berhad (NGGB) announced that See Hong Cheen, the Executive Chairman of Yuwang Group (Yuwang), has secured 22.7 million NGGB shares arising from a private placement exercise. These 22.7 million shares were subsequently listed on Bursa Malaysia on Friday.
Coupled with the 5.5% stake acquired by Yuwang Plantation Sdn Bhd in July 2024, the combined stake of both See and Yuwang in NGGB now stands at 7.5%.
