Markets
New major shareholder in AE Multi
Johnny Loh | 11 Aug 2017 00:30
JF APEX Securities Bhd’s deputy managing director Lim Teck Seng has emerged as the second largest shareholder in AE Multi Holdings Bhd.

A filing with Bursa Malaysia on Aug 10 reveals that Lim acquired 18.46 million shares or a 6.17% stake in AE Multi via an off-market trade. 

Lim is also the non-executive director of O&C Resources Bhd and Asia Poly Holdings Bhd.

AE Multi manufactures and sells printed circuit board and related products. For its first quarter ended March 31, the company’s net profit contracted 96.52% to RM43,000 from RM1.24 mil in the preceding year’s corresponding period.

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