KUALA LUMPUR (July 28): Businessman Au Yee Boon has emerged as the second largest shareholder of Yi-Lai Bhd, after acquiring 7.68 million shares or a 5.29% stake in the ceramic and tile manufacturing company.
Following the purchase of the block of shares on July 24, Au now has a direct interest of 5.93% and an indirect interest of 8.63% in the company, Yi-Lai’s bourse filing today showed.
The total stake of 13.92% places him as the second biggest shareholder in the company behind Hampton Capital Pte Ltd, which held 27.17 million shares or a 18.72% equity interest as at July 23, according to Bloomberg data.
Apart from that, Au’s vehicle Techbase Solution Sdn Bhd has also emerge as a substantial shareholder of Yi-Lai, after buying 9.57 million shares or a 6.60% stake in the company on the same date.
Au is the chief executive officer of Techbase Solution, a multi-level marketing business software provider.
Au’s spouse Lim Lee Wheng has also emerged as the substantial shareholder, as she is deemed to own an indirect interest of 11.9% and a direct stake of 2.03% in the company.
Yi-Lai’s share price closed unchanged at 90 sen today, valuing the company at RM130.58 million. Some 1.53 million shares were traded.