KUALA LUMPUR (Feb 20): MyEG Services Bhd's major shareholder and managing director Wong Thean Soon has bought another five million shares in the e-government payment services provider for RM3.35 million.

He acquired a block of 3.5 million direct shares for RM2.37 million, followed by another block of 1.5 million shares for RM982,500, through Asia Internet Holdings Sdn Bhd on Monday (Feb 20).

This raised Wong's stake in MyEG to 29.82% from 29.73% on Feb 15, according to MyEG's latest filing.

MyEG came under the spotlight earlier this month following news reports that all immigration services will be transferred to the Immigration Department by 2025.

Since then, Wong has been increasing his shareholding in the group.

Since Feb 7, he has spent RM8.29 million to buy 12 million shares under the buyback exercise.

MyEG shares rose 2.27% to close at 67.5 sen on Monday, valuing the group at RM5.05 billion.

https://www.theedgemarkets.com/node/656006