DNB has appointed a director from CelcomDigi, Maxis, TM, U Mobile and YTL to its board. Equity deal to acquire 70% stake in the 5G SWN to complete soon?
MARKET talk has it that ES Ceramics Technology Bhd may have a new substantial shareholder but details were scarce at press time. The recent shareholding changes at the company are perplexing, to say the least.
Filings on shareholding changes with Bursa Malaysia show that Tan San Kwang, son of ES Ceramics’ non-independent, non-executive director, Datuk Kamal Y P Tan, acquired 47 million shares or 10.2% in the company on Jan 29, for almost 58 sen per share or RM27.23 million.
Also on Jan 29, Kamal acquired 25 million shares (5.43%) at 58 sen per share (RM14.48 million) and sold it later in the day at the same price.
Celcom announce 4 new Senior Management Appointments
in Celcom Axiata
26/01/2021
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4G mobile Telecommunications provider, Celcom Axiata Berhad (Celcom) has just announced several key senior management appointments within the company.
The Telco said this is in line with the company’s strategy to strengthen the company’s growth in managing and accelerating the telco’s transformation into the most inspiring digital organisation.
Datuk Kamal Khalid is the new Chief Corporate and Transformation Officer of Celcom Axiata. He was formerly Group Managing Director for Media Prima Berhad
Datuk Kamal Khalid will join Celcom as Chief Corporate and Transformation Officer on 1 February 2021. He will provide leadership to the various corporate functions including legal, regulatory, societal development, sustainability, enterprise data governance and program management. Datuk Kamal brings with him over 25 years of experie
ES Ceramics Technology Bhd, which makes ceramic moulds for the rubber glove industry, appears to be in unknown hands given the company’s opaque shareholding.
In early November, Datuk Kamal Y P Tan disposed of two blocks of shares in ES Ceramics. On Nov 4, he hived off 48.25 million shares, or 10.49% of the company, followed by another 47.18 million shares, or 10.25%, the next day.
A month before that, Tan held 105.26 million shares, or 23.39% of ES Ceramics, following a bonus issue of 236.56 million shares with free warrants on the basis of one bonus share and warrant for every existing share held.
Although a month has passed since he sold the two blocks of shares, there has been no indication as to who acquired them, or if the new shareholders elected to break up the block of 20-plus per cent into blocks smaller than 5% to avoid disclosure.