Hextar Retail Bhd substantial shareholder Datuk Ong Choo Meng has reported changes involving 16.21 million shares following the acceptance of an offer, according to a filing spotted by BusinessToday.
The transactions involved 5.51 million shares on Sept 22 and another 10.70 million shares on Sept 23, held through RHB Capital Nominees (Tempatan) Sdn Bhd under a pledged securities account for Hextar Portfolio Sdn Bhd.
Following the transactions, Ong’s indirect or deemed interest in Hextar Retail stood at 288.97 million shares, representing approximately 62.14% of the company’s issued share capital.
He holds no shares directly in the company.
The filing classified both transactions as changes arising from the acceptance of an offer but did not provide details of the offer price or the parties involved.
