Oops, what's this sign? No wind, no noise suddenly selling?
Grand Deal Vision Sdn Bhd, the 2nd largest shareholder of KPower Bhd had to dispose of 500,000 shares or 0.092% stake in the construction and engineering solutions group through a sale.
According to Bursa filings, the group sold the shares at 35 sen per share on Jan 31 with the deal also reducing the interests of KPower executive chairman and group managing director Mustakim Mat Nun and non -independent non -executive director Sarah Azreen Abdul Samat.
In a separate filing, KPower chief financial officer Amirul Afif Abd Aziz disposed of 650,000 shares or 0.12% of his stake in the group.
Bloomberg data reports Kenanga Investor Bhd is the largest shareholder of KPower with 16.3% stake followed by Grand Deal Vision of 8.52% and Mustakim 6.7%.
Meanwhile, KPower's share price has been in decline since May 2021 during the audit issue of its sister company, Serba Dinamik.
Serba Dinamik's managing director and chief executive officer (CEO), Datuk Dr Mohd Abdul Karim Abdullah had previously held the position of non -independent and non -executive chairman of KPower and then resigned in December.
Abdul Karim disposed of 79.05 million shares he held in KPower on January 13.
