Markets
BNDM Hubline's largest shareholder
Johnny Loh | 06 Oct 2017 00:30
An artist’s impression of the Sitiawan Commercial Centre being developed by Sycal Ventures
BNDM Inc Holdings Sdn Bhd has emerged Hubline Bhd’s largest shareholder following a share- acquisition spree.

According to filings with Bursa Malaysia on Oct 2 and 5, BNDM has further acquired 41.71 million shares or a 3.28% stake in Hubline. 

Post-acquisition, BNDM, which was previously Hubline’s second largest shareholder, raised its stake in the latter to 14.86% from 11.58%, thus climbing to the top spot.

BNDM is an investment vehicle of Hubline chairman Datuk Richard Wee Liang Huat @ Richard Wee Liang Chiat. He holds an 80% stake in Royfield Sdn Bhd which in turn holds an 80% stake in BNDM.