TNLOGIS王泳越 持6上市公司股权 TNLOGIS' Ong Yoong Nyock owns 6 listed companies' stakes

 

shareholdings:

04.241% IWCITY(1589) as at 31 Mar 2022

00.380% MAXIM(4022)as at 31 Mar 2022

00.460% REACH(5256) as at 01 Apr 2022

00.204% SIAB(0241) as at 31 Mar 2022

53.399% TNLOGIS(8397) as at 30 Jun 2022

29.575% WONG(7050) as at 17 Mar 2022

Iskandar Waterfront City Bhd (IWCity) 19 April 2021 announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group.

The placement of 83.74 million new shares, or 10% of IWCity's share base, to Ong and four other parties will raise RM40.2 million, the group said in a bourse filing. The shares are priced at 48 sen apiece.

Ong is the managing director and major shareholder of Tiong Nam Logistics Holdings Bhd (TNLogis) and major sharehoolder of Wong Engineering Corp Bhd. (Wong) He is also the executive chairman and major shareholder of Hong Kong-listed Linocraft Holdings Ltd.

Ong has has agreed to subscribe for 53.57 million shares at RM25.71 million. The other four subscribers are Datuk Kong Tiam Ming (13.5 million shares), Datuk Koon Poh Tat (11.91  million shares), Yick Hoe Ferrous Steel Sdn Bhd (2.38 million shares) and Orando Equity Sdn Bhd (2.38 million shares).  

IWCity said RM38 million of the share placement proceeds will be used to pay contractors, subcontractors, suppliers and creditors. Another RM1.7 million will be used to pay for working capital and the rest to defray any expenses associated with the placement.

Noting that the exercise will enable Ong to come on board the Tan Sri Lim Kang Hoo-controlled group as a substantial shareholder, IWCity said: “Given his past experience and track record, the direct equity participation of Ong as a substantial shareholder in the company will serve as a confidence boost and commitment for the fundamental value of the group."

"The proposed placement will allow the group to leverage on the well corporate network and experience of Ong to further improve the group’ financial performance moving forward, which in turn is expected to create value to the shareholders of the Company,” it added.

Following the placement, IWCity’s share capital would increase to 921.13 million shares, from 837.39 million shares currently. Ong’s stake in the group would increase to 54.53 million shares or a 5.92% stake, from 957,600 shares or 0.11% stake.

Meanwhile, Lim’s stake in IWCity will be diluted to 34.29%, from 37.72%.

Earlier this month, Ekovest Bhd – also controlled by Lim – announced the purchase of a total of 38.96 hectares of freehold land in Pulai, Johor from Iskandar Waterfront Holdings Sdn Bhd for RM944.62 million.

丹斯里林刚河控制的依海城（IWCITY，1589）昨日宣布通过配股计划，引进东南通运（TNLOGIS，8397）董事经理王泳越等人成为大股东，依海城股价今日小涨1仙至48.5仙，东南通运则涨1.5仙至86.5仙。

依海城是以每股48仙价格，配售10%新股，筹集4019万令吉资金，获得以王泳越为首的5名企业家认购，王氏本人认购5375万股。

68岁的王泳越，同时也是黄机械机构（WONG，7050）大股东，以及香港上市公司东骏控股（Linocraft Holdings）的执行主席。