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BETWEEN Nov 30 and Dec 4, notable filings at Bursa Malaysia listed companies included that at
Bonia Corp Bhd, which saw Milingtonia Ltd ceasing to be a substantial shareholder after disposing of 16.18 million shares.
During the same week, Freeway Team Sdn Bhd, which is linked to Bonia’s founder and group executive chairman Chiang Sang Sem, acquired 400,000 shares. Post-acquisition, Chiang’s indirect stake in Bonia increased to 54.22%.
Bonia recently announced a 35.6% growth in net profit to RM5.36 million for the first quarter ended Sept 30, 2020, compared with the previous corresponding period. This was despite lower revenue of RM78.02 million against RM94.11 million a year ago.