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Genetec co-founder Aaron Chen emerges as substantial shareholder in Sunzen
Genetec co-founder Aaron Chen emerges as substantial shareholder in Sunzen
Genetec co-founder Aaron Chen emerges as substantial shareholder in Sunzen
KUALA LUMPUR (March 5): Genetec Technology Bhd (KL:GENETEC) co-founder Aaron Chen Khai Voon has emerged as a substantial shareholder in Sunzen Group Bhd (KL:SUNZEN).
According to a bourse filing, Chen acquired 32.7 million shares, representing a 4.3% interest, via a direct business deal on March 4. Following the purchase, he now holds an 8.51% stake in Sunzen. This makes him the second largest shareholder of the company. Group managing director Teo Yek Ming is its largest shareholder with a direct 14.685% stake.
No price was disclosed in the filing. Based on the volume-weighted average price (VWAP) of 25.5 sen, the block is estimated to have cost RM8.34 million.
KUALA LUMPUR (March 5): Genetec Technology Bhd (KL:GENETEC) co-founder Aaron Chen Khai Voon has emerged as a substantial shareholder in Sunzen Group Bhd (KL:SUNZEN).
According to a bourse filing, Chen acquired 32.7 million shares, representing a 4.3% interest, via a direct business deal on March 4. Following the purchase, he now holds an 8.51% stake in Sunzen. This makes him the second largest shareholder of the company. Group managing director Teo Yek Ming is its largest shareholder with a direct 14.685% stake.
No price was disclosed in the filing. Based on the volume-weighted average price (VWAP) of 25.5 sen, the block is estimated to have cost RM8.34 million.
