KUALA LUMPUR (Sept 27): Pensonic Holdings Bhd’s managing director Vincent Chew Chuon Ghee is no longer a substantial shareholder of the electrical home appliances maker, having disposed of a 3.18% stake in the company for RM3 million on Sept 25.

According to Pensonic’s bourse filing on Wednesday, Vincent disposed of four million shares off-market on Sept 25, trimming his shareholding to 5.18 million shares or a 4.12% stake.

Vincent sold the block of four million shares at 75 sen apiece — or a total of RM3 million — which was an 11.94% premium over Pensonic's Sept 25 closing price of 67 sen.

On the same day, Pensonic also saw the emergence of a new substantial shareholder, Neo Ching Yuen who acquired 8.3 million shares or a 6.6% stake on Sept 25, according to a separate bourse filing.

Last week, Vincent’s father, Pensonic founder and chairman Datuk Seri Chew Weng Khak @ Chew Weng Kiak, offloaded a 10.34% stake in the company for RM10.27 million — or 13 million shares at 79 sen apiece — to Sphere Corp Sdn Bhd, paring his stake in Pensonic to 20.29%.

Shares in Pensonic ended two sen or 3.13% lower to 62 sen on Wednesday, valuing the company at RM80.39 million. Year-to-date, the counter has climbed 29.17%.

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