KUALA LUMPUR: Goodway Integrated Industries
Bhd rose over 8% in early trade Thursday after the company announced a new substantial shareholder.
The tyre manufacturer added 8.11%, or 1.5 sen to 20 sen with 657,900 shares.
Goodway Integrated has a new substantial shareholder, Yee Wei Meng, who acquired 14.5 million shares in an off-market transaction, increasing his stake to 11.93%.
Yee is likely to have bought his shares from Goodway’s largest shareholder Ng Chee Siong, who sold off half of his shares or 14.5 million in an off-market transaction as well.
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