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DATUK Samsudin Abu Hassan, a well-known corporate figure in the 1990s, yesterday emerged as a substantial shareholder in Ariantec
Global Bhd with a 5.25 per cent stake, a move that drove its shares up to an almost seven-year high.
The move came just three days after another businessman, Datuk Raymond Chan Boon Siew, also became a substantial shareholder in the information technology (IT) firm with a 5.1 per cent stake.
Chan had gained prominence in recent months after buying substantial stakes in other small companies, namely Harvest Court Industries Bhd, Naim Indah Corp Bhd and Metronic Global Bhd.
All three companies, and Ariantec, have seen a surge in trading volumes in recent months.
Samsudin bought some five million Ariantec shares in the open market yesterday, which pushed up his total holdings to 29.8 million shares, a stock exchange filing showed.
Ariantec’s share price rose by or five sen, or 28.6 per cent, to close at 22 sen, its highest since October 2005.
Read more: Ariantec shares soar to near seven-year high http://www.btimes.com.my/Current ... _html#ixzz1spH5FImD |
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