Kia Lim substantial shareholder ups stake

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KUALA LUMPUR (Sept 24): Ng Hoo Tee Holdings Sdn Bhd (NHT), a substantial shareholder of Kia Lim Bhd (Kia Lim), today acquired an additional 263,000 shares in the company on the open market.

According to a filing on Bursa Malaysia, the block was transacted at 57.5 sen, at a 3.51% discount from its closing price of 59 sen today.

This means that NHT increased its direct interest in Kia Lim, a manufacturer and exporter of roofing tiles, bricks and pavers, by another 0.42% bringing it to a total of 7.926%.

Correspondingly, Datuk Ng Yeng Keng @ Ng Ka Hiat who is the executive director of Kia Lim saw his indirect interest in the company increased.

Ng holds 2.49% of Kia Lim shares directly but has 44.71% indirect interest in the company though his ownership of companies like Kia Lim Timber Trading Sdn Bhd, Kia Lim Realty Sdn Bhd and NHT.

At its closing price of 59 sen, Kia Lim has a market capitalisation of RM36.23 million.

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