The Managing Director and major shareholder of Fitters Diversified Berhad (Fitters) , Dato’ Wong Swee Yee continued to mop up its company warrants (Fitters-WA). He now controls close to half of all warrants outstanding. This is in addition to his 32.9% stake in the ordinary shares of the company. Any additional purchase of shares by Wong will trigger a mandatory offer. This explains why Wong is consolidating his grip in the company via warrants.
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