User Login Register Regain password
Email Username

German Investor Emerged as Frontken largest shareholder

Amidst the market weakness over the last few months, surface treatment specialist Frontken Corporation Berhad has possibly seen a change in control after Jorg Helmut Hohnloser, a German investor, acquired 119.75 million shares from Frontken Executive Chairman cum Managing Director Wong Hua Choon on 25th October. Hohnloser ended up with 172.5 million or 17.1% of the company after the latest acquisition.  Hohnloser’s stake is held under Kim Eng Securities Pte Ltd.  Wong, who was Frontken’s single largest shareholder with direct stake of 21.2% before the share sale, ended up with only 9.4% direct stake.  He still owns another 2.3% indirectly via Frontken Holdings Pte. Ltd.


To read the rest of the article, you must Login


Web Developed byGrifello