Thursday, December 29, 2011

Menang Corp director buys 25m shares from open market

KUALA LUMPUR (Dec 29): Menang Corporation Bhd independent director Prof Dr. Christopher Shun Kong Leng has emerged as a substantial shareholder with 25 million shares or 9.36%.

A filing with Bursa Malaysia on Thursday said he acquired the shares from the open market as at Dec 23. The shares were disposed at 20 sen each by the major shareholders of Menang.

Shun is the son of Menang group managing director and group chief executive officer Datuk Shun Leong Kwong.

According to the company's website, he was appointed to the board of Menang on February 25, 1991 and was made executive director in April, 1991.

Subsequently, he was appointed group executive director on Jan 1, 1992 and he was promoted to deputy group managing director on July 1, 2005.

On Dec 31, 2007, was re-designated non-executive director. He is also a member of the company's remuneration committee.

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