TS Wong's Asia Internet Holdings cease being Zetrix AI's substantial shareholder
KUALA LUMPUR: Asia Internet Holdings Sdn Bhd, the investment holding company controlled by Wong Thean Soon, had ceased being a substantial shareholder of Zetrix AI Bhd, after disposing of 57 million shares or 0.722 per cent of the group’s shares.
Asia Internet Holdings, the investment holding company led by Ts Wong Thean Soon, no longer holds a substantial stake in Zetrix AI. According to Bursa Malaysia filings, they disposed of 57 million shares, which equated to 0.722% of the company's shares. The transaction occurred on September 18, 2022, when the stock price was 20.9 sen per share.
The closing price on that day was 20 sen per share and remained unchanged until September 22, 2022. In the preceding days, Wong had sold a total of 77.5 million Zetrix AI shares, which made up 0.98% of the company's share base. Simultaneously, he acquired 8.57 million shares through Zetrix AI's dividend reinvestment plan, paying 67 sen per share.
As of September 22, 2022, Wong's direct ownership of Zetrix AI shares stood at 6.19%, while his indirect ownership via Asia Internet Holdings was at 4.87%. Over the past month, Zetrix AI's share price has dropped by 69%.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
