Zetrix founder Wong Thean Soon sheds 103.62mil Cuscapi shares, no longer substantial shareholder
KUALA LUMPUR: Zetrix AI Bhd’s founder Wong Thean Soon is no longer a substantial shareholder of Cuscapi Bhd after disposing of about 103.62 million shares.
KUALA LUMPUR: Zetrix AI Bhd's founder, Wong Thean Soon, has ceased being a substantial shareholder in Cuscapi Bhd after selling approximately 103.62 million shares, according to a filing with Bursa Malaysia. Cuscapi disclosed that Wong disposed of around 99.12 million shares on September 11, while his private vehicle, Asia Internet Holdings Sdn Bhd, offloaded an additional 4.5 million shares.
This amounted to nearly an 11 percent stake in Cuscapi. With Cuscapi trading at five sen on September 11, the shares Wong sold were valued at roughly RM5.18 million. On the same day, investor Tan Boon Seng acquired about 103.62 million shares in Cuscapi, representing a 10.6 percent stake in the company. Post the recent disposal, Wong currently owns about 23.25 million shares in the firm, equivalent to a 2.5 percent stake.
Cuscapi's share price surged by one sen, or 20 percent, to six sen on Thursday, valuing the company at RM56.69 million.
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