Markets
Voir’s largest shareholder pares stake
Johnny Loh | 24 Nov 2017 00:30
Voir’s largest shareholder, Vista Lestari Development, has divested a 3.86% stake in the fashion retailer
Voir Holdings Bhd’s largest shareholder, Vista Lestari Development Sdn Bhd, has offloaded 5.6 million shares or a 3.86% stake in the former, filings with Bursa Malaysia on Nov 22 and 23 showed.

Post-disposal, Vista Lestari’s stake in Voir was reduced to 29.4% from 33.26%. Vista Lestari is 50%-owned by Voir chairman Datuk Zarul Ahmad Mohd Zulkifli with the remaining stake being equally shared between Mohd Asfirdaus Asri and Zarul Ikhwan Zarul Ahmad.

Led by its executive deputy chairman Seow Khim Soon, Voir designs, develops and retails apparels, footwear and accessories. 

For its Q2 ended June 30, the company posted a net loss of RM1.2 mil compared to a net profit of RM28,000 in the corresponding quarter last year.