KUALA LUMPUR: Commerce TECHNOLOGY [] Ventures Sdn. Bhd has ceased to be a substantial shareholder of TRICUBES BHD [] after it disposed of 14.5 million shares from April 24 to 27.
Filings to Bursa Malaysia showed it sold 1.165 million shares on April 25 and 5.0 million shares on April 26. It sold 8.335 million shares on April 27.
The recent transactions reduced its stake to 6.20 million shares.
Commerce Technology Ventures represents the partnership of Bank Negara Malaysia and the Commerce Group in promoting and developing technology financing in Malaysia.
According to website, it is a venture capital company providing equity and mezzanine capital to viable, innovative, high-growth and emerging companies. It seeks to support talented entrepreneurs in realising their vision of building and nurturing competitive and resilient technology-based companies.
CTV is managed by CAV Private Equity Management Sdn Bhd, a member of the Commerce Asset-Holding Bhd group of companies.
Filings to Bursa Malaysia showed it sold 1.165 million shares on April 25 and 5.0 million shares on April 26. It sold 8.335 million shares on April 27.
The recent transactions reduced its stake to 6.20 million shares.
Commerce Technology Ventures represents the partnership of Bank Negara Malaysia and the Commerce Group in promoting and developing technology financing in Malaysia.
According to website, it is a venture capital company providing equity and mezzanine capital to viable, innovative, high-growth and emerging companies. It seeks to support talented entrepreneurs in realising their vision of building and nurturing competitive and resilient technology-based companies.
CTV is managed by CAV Private Equity Management Sdn Bhd, a member of the Commerce Asset-Holding Bhd group of companies.
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