Disposal of 10,000,000 stock units in Eastern & Oriental Berhad ("E&O") by MPHB and 3,035,900 stock units in E&O by Magnum 4D Berhad's subsidiaries.
Arising from the above disposal of stock units in E&O, MPHB has ceased to be a substantial shareholder of E&O.
Accordingly, Quantum Aspects Sdn Bhd ("QASB") and Dynamic Icon Sdn Bhd ("DISB") also ceased to be a substantial shareholder of E&O by virtue of Section 6A(4) of the Companies Act, 1965, held through MPHB and QASB respectively.
Datuk Surin Upatkoon as a substantial shareholder and holding 48.9% interest in DISB also ceased to be a substantial shareholder of E&O.