Koon Yew Yin is the 2nd largest shareholder of XingQuan now, if you all go through the XingQuan annual report year 2010. You will notice Mr. Koon is not just having 15 million shares of XingQuan, beside this, his name also appear at the ranking 15 with around 1.5 million shares and ranking 30 with another 0.6 million shares. So the total will be around 17 million shares.
This is not the end of the story, if you carefully go through the 30 largest shareholders, you will notice one of his best friend also appear at the list. The guy is Mr. Tan Kit Pheng with around 4.1 million shares.
Other than that, there is another guy name called Tan Kit Yew. From the name, I believe he is one of the relative of Tan Kit Pheng. This guy is holding around 2 million shares.
With the total from three of them, they are holding around 23.1 million XingQuan's shares, which is 7.5% of the total shares.
5 comments:
KYY already (partially?)exited and is no longer a substantial shareholder since 17/1/2011.
look at bursa announcement on changes in shareholding.
From the record on bursa, it showed there is some transaction done, but it doesn't mean Mr. Koon is not longer a substantial shareholder anymore. maybe he transfer the share to his wife or someone else..
According to sources it is his daughter. But then again he is no longer substantial shareholder, if he sell or buys (or his transferred shares are sold)no one will know... :)
we can wait for next year annual report.. :p
I believe if you are able to become substantial shareholder, you also do not want other people to know you are the major shareholder. The same apply to everyone unless we have no choice.
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