KUALA LUMPUR, July 18— Mah Sing Group Bhd’s Founder, Tan Sri Leong Hoy Kum, has transferred 180 million Mah Sing shares from Mayang Teratai Sdn Bhd to Mayang Teratai Ltd.
In a statement here Monday, the company said this was to optimise the efficiency of Leong’s shareholding structure in the group.
“The transfer does not result in the change of control of Mah Sing which remains with Leong and does not have an impact to his direct or indirect shareholdings in Mah Sing.
“Leong’s effective shareholdings in Mah Sing remains at 35%,” it said.
Currently, Leong, who is also the group’s Managing Director/Group Chief Executive, leads an entrepreneurial management team whose 2016/2017 focus remains on Malaysia’s central region which is expected to contribute the lion’s share of its RM2.3 billion sales target.