Low Chin Koon becomes substantial shareholder in MCE Holdings
The purchase of 22,000 shares raised his holding to 5.004%, according to a Bursa Malaysia filing.
An Oct 30 market purchase has taken Datuk Low Chin Koon’s stake in MCE Holdings Bhd to 5.004%, making him a substantial shareholder of the auto parts supplier. The Bursa Malaysia filing recorded an acquisition of 22,000 shares.
Before the transaction, Low owned 7.701 million MCE Holdings shares. The purchase was worth RM31,460 when measured against the closing share price of RM1.43 on Oct 30.
Low, 46, is non-executive chairman of Tex Cycle Technology (M) Bhd. His other board positions include independent non-executive directorships at Mestron Holdings Bhd, K Seng Seng Corporation Bhd and Prolexus Bhd.
Dulcet One Holdings Sdn Bhd leads MCE Holdings’ shareholder register with 17.346%, while Woo Chiew Loong owns 7.59%. Executive director and group managing director Dr Goh Kar Chun owns 5.224% directly, alongside an indirect interest of 2.126%.
MCE Holdings, established by the Goh family and listed in 1996, saw its share price hold at RM1.42, putting its market capitalisation at RM219.1 million. The shares have lost almost 6% year to date.
