Latest Breaking News On - Acoustech bhd - Page 1 : comparemela.com

BETWEEN Jan 5 and 8, notable filings of companies listed on Bursa Malaysia included one by Acoustech Bhd, where Yee Wei Meng emerged as a substantial shareholder after acquiring 30.99 million shares, or an 11.6% stake, via a private placement. A property developer, Acoustech posted a net loss of RM5.92 million in the third quarter ended Sept 30, 2020, on the back of a steep contraction in revenue to RM458,000. In the previous corresponding period, it made a profit of RM26,000 from revenue of RM4.39 million. At CN Asia Corp Bhd, Ho Cheng San disposed of 16.4 million shares during the period under review. Filings with Bursa reveal that he had disposed of 14.33 million shares via a direct business transaction and 2.07 million shares on the open market. Post-disposal, he is left with a 1.26% direct stake in the company.

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