EForce major shareholders exercise warrants to shares

TheStar Wed, Jul 24, 2019 08:00am - 4 years View Original


PETALING JAYA: Three of Excel Force MSC Bhd ’s (EForce) substantial shareholders – Asia Internet Holdings Sdn Bhd, Datuk Mohamed Nizam Abdul Razak and Wong Thean Soon – have exercised their warrants to shares.

Wong, better known as T.S. Wong, is the managing director and single largest shareholder of MyEG Services Bhd.

Meanwhile, Datuk Jayakumar Panneer Selvam has also emerged as a substantial shareholder of EForce following the conversion of his warrants to Eforce shares. Jayakumar is known as an associate of Wong.

Following Jayakumar’s conversion of 39.03 million warrants, he now has a direct interest of 48.17 million shares, or an 8.29% stake, in the company.

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