PDZ executive director ceases to be substantial shareholder of Trive Property

• This slashed Ho’s shareholding to 35.33 million shares or 2.80% from 5.40% previously, according to the property and construction firm’s latest annual report.

KUALA LUMPUR (July 2): PDZ Holdings Bhd (KL:PDZ) executive director (ED) Ho Jien Shiung has ceased to be a substantial shareholder of Trive Property Group Bhd (KL:TRIVE) after offloading 32.87 million shares.

The container liner company’s ED and the largest shareholder of Fitters Diversified Bhd (KL:FITTERS) sold the block of Trive Property shares via the open market last Friday, according to a filing on Monday.

This slashed Ho’s shareholding to 35.33 million shares or 2.80% from 5.40% previously, according to the property and construction firm’s latest annual report.

The filing did not specify the value of the transaction, but based on Trive Property’s closing price of 6.5 sen last Friday, the block of shares was estimated to be worth RM2.14 million.

Year to date, the counter has fallen 25%.

AT Systematization Bhd’s (KL:AT) subsidiary AT Precision Tooling Sdn Bhd remains Trive Property’s largest shareholder with a 25.68% stake, while Chen Choon Lee is now the second largest shareholder of the company with a 5.38% stake, followed by Barclays Bank Plc (4.82%) and Standard Chartered Plc (3.09%), its annual report showed.

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