PETALING JAYA: Seal Incorporated Bhd
, which has been attempting to turn around its fortunes, sees the entry of businessman Aaron Chen Khai Voon as strategic and advisorial.
Last week, Seal said it plans to place out 20% new shares in the company to Chen at a price of 26 sen a piece for a total RM16.2mil.
This would give Chen a 16.67% in Seal. The Koay family, led by Nixon Koay Shean Loong and his mother Datin Seri Tan Guik Lan, will see their holdings diluted to 18.6% following the entry of Chen.
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