KUCHING: Sealink International Bhd
has seen a major revamp to its board leadership following the emergence of a former stockbroking house dealer representative, Lo Ling, as it’s single largest shareholder.
Lo, 70, took over as executive chairman of the Sarawak-based shipbuilder and charterer last Thursday, following the retirement of non-executive chairman Wong Chie Bin, a senior partner of accounting firm Crowe Malaysia PLT.
Lo raised his equity interest in Sealink to about 85.7 million shares (17.14%) after acquiring 68 million shares via an off-market deal on Nov 14.
Subsequently, he snapped up more shares on the open market, increasing his shareholding to about 91.52 million shares (18.304%).
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