Owner and founder Wong Thean Soon has reduced his interests in both Zetrix AI Bhd and Excel Force MSC Bhd following separate share disposals this week, according to filings.
The transactions involved the disposal of 29.3 million Excel Force shares through Asia Internet Holdings Sdn Bhd on Oct 6, followed by Wong’s direct disposal of 20 million Zetrix AI shares on Oct 7.
In Excel Force, Asia Internet Holdings disposed of 29.3 million shares through a direct business transaction, reducing Wong’s indirect or deemed interest in the company to 11.9989 million shares, or 1.967%.
His direct holding in Excel Force remained unchanged at 38.57 million shares, representing 6.324%.
Following the transaction, Wong’s combined direct and indirect interest in Excel Force stood at 50.5689 million shares, equivalent to about 8.291% of the company.
Separately, Wong disposed of 20 million Zetrix AI shares on Oct 7, reducing his direct stake in the company to 433.71 million shares, or 5.492%.
He continues to hold an indirect interest of 264.31 million Zetrix AI shares, representing 3.347%, through Asia Internet Holdings.
His combined interest in Zetrix AI after the disposal stood at 698.02 million shares, or approximately 8.839%.
Zetrix AI said the percentage calculations exclude 180.90 million treasury shares held by the company following share buybacks.
Neither filing disclosed the transaction prices or the total consideration involved in the respective disposals.
The Excel Force shareholding notice was dated Oct 7, while Zetrix AI received notification of Wong’s disposal on Oct 8.
