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Ipmuda highlights substantial shareholding changes in UMA reply


KUALA LUMPUR (Dec 11): Ipmuda Bhd, which was slapped with an unusual market activity (UMA) query by the bourse earlier today, highlighted recent changes in its board of directors, substantial shareholders’ shareholdings, as well as contract wins in its response to Bursa Securities.
In a filing, the building materials trader said Tan Sri Abu Sahid Mohamed had ceased as its substantial shareholder on Dec 3, following the disposal of 2.55 million shares by Maju Holdings Sdn Bhd, as well as the changes in shareholdings of parties related to the businessman, namely Maju Holdings, Beroz Nikmal Mirdin and Nurhaida Abu Sahid.
The tycoon, who has been trimming his direct and indirect stake in Ipmuda between June and November this year, had also transferred some of his directly-held shares to his daughter, Nurhaida. ....

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