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602 comment(s). Last comment by Victor Yong at Dec 12, 2019 5:13 PM
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Victor Yong
4313 posts

Posted by Victor Yong > Dec 12, 2019 1:42 PM | Report Abuse

oskvi should sell the stake in willowglen and return to shareholders. RM38.5mil / 197mil shares issued ~ 24.5sen per share to oskvi shareholders like airasia did recently.


Victor Yong
4313 posts

Posted by Victor Yong > Dec 12, 2019 5:13 PM | Report Abuse

:)

ON Nov 22, Tan Sri Ong Leong Huat, the banker who founded OSK Investment Bank, disposed of five million Willowglen MSC Bhd shares at 45 sen apiece. The shares were held via OSK Technology Ventures Sdn Bhd and represented 1% of Willowglen’s share base. On the same day, Willowglen’s largest shareholder, New Advent Sdn Bhd, acquired four million shares through an off-market deal, raising its shareholding in the industrial engineering and technology company to 55%. New Advent is an investment holding company of Willowglen’s group managing director Wong Ah Chiew and executive director Simon Wong Chu Keong.

OSK Technology has been disposing of its Willowglen shares since April, reducing its stake to 10.37% from 12.06%.

In the first nine months of the financial year ended Dec 31, 2019, Willowglen’s net profit jumped more than 50% year on year to RM11 million owing to improved margins in spite of a 11% drop in revenue to RM87.07 million.

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