KUALA LUMPUR (Nov 19): Oversea Enterprise Bhd said on Friday (Nov 19) Lim Kon Lian emerged as a substantial shareholder of the restaurant operator on Thursday after he subscribed to 261.92 million shares representing a 23.077% stake in the company's expanded number of issued shares via a private placement of new shares.

The filing with Bursa Malaysia on Friday followed another filing on Nov 11, where Oversea Enterprise said the company had fixed the issue price of the placement of 261.92 million new shares — the first and final tranche of the private placement — at 7.37 sen each.

More to come