Revenue Group chief no longer Goodway substantial shareholder

REVENUE Group Bhd chief executive officer and managing director Eddie Ng Chee Siong has disposed of his entire 11.93% stake in Goodway Integrated Industries Bhd, meaning he is no longer a substantial shareholder of the tyre manufacturer.

The stake disposal, consisting of 14.5 million shares, was carried out on the open market on July 9, Goodway said in a Bursa filing today.

Ng first emerged as the largest shareholder of Goodway on Nov 14, 2019, with a 23.86% stake or 29 million shares, before selling off half of the shares in an off-market transaction on Jan 8.

Goodway’s share price closed 3.03% lower at 16 sen today, with 3.6 million units exchanging hands, giving the counter a market capitalisation of RM25.29 mil. – July 13, 2020

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