KUALA LUMPUR: Two shareholders of DVM TECHNOLOGY [] BHD [], owning 15.4% of the shares, who had sought be made directors after the proposed removal of four current directors, have ceased to be substantial shareholders.
Filings by the ACE Market listed company showed the two shareholders, who are based in Hong Kong, Raymond Yip Wai Man and Christian Kwok-Leun Yau Heillesen, had pared their stakes.
Yip disposed of 9.80 million DVM shares in the open market on Aug 15. His stake was reduced to 8.55 million shares or 4.85%.
He had earlier emerged as a substantial shareholder on Aug 12 when he acquired 3.949 million shares, increasing his shareholding to 10.43% or 18.36 million.
As for Yau, he also ceased to be a substantial shareholder after disposing of 8.35 million shares on Aug 15. His stake was reduced to 8.30 million or 4.71%.
He had also earlier acquired 4.60 million shares on Aug 12.
On Aug 15, both of them had sought the removal of Tan Sri Abdul Rahman Abdul Hamid, Datuk Goh Kian Seng, Kamarudin Ngah Lee Keat Hin as directors.
Yip and Yau were seeking shareholders' approval at the EGM that they be appointed as directors. They are also seeking the appointments of Douglas Arthur Choy and Koo Seng Fatt as directors.
Filings by the ACE Market listed company showed the two shareholders, who are based in Hong Kong, Raymond Yip Wai Man and Christian Kwok-Leun Yau Heillesen, had pared their stakes.
Yip disposed of 9.80 million DVM shares in the open market on Aug 15. His stake was reduced to 8.55 million shares or 4.85%.
He had earlier emerged as a substantial shareholder on Aug 12 when he acquired 3.949 million shares, increasing his shareholding to 10.43% or 18.36 million.
As for Yau, he also ceased to be a substantial shareholder after disposing of 8.35 million shares on Aug 15. His stake was reduced to 8.30 million or 4.71%.
He had also earlier acquired 4.60 million shares on Aug 12.
On Aug 15, both of them had sought the removal of Tan Sri Abdul Rahman Abdul Hamid, Datuk Goh Kian Seng, Kamarudin Ngah Lee Keat Hin as directors.
Yip and Yau were seeking shareholders' approval at the EGM that they be appointed as directors. They are also seeking the appointments of Douglas Arthur Choy and Koo Seng Fatt as directors.
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