Quek Family Sells 3.6% Stake in Multi Sports
The Quek family, a major shareholder of Multi Sports Holdings Ltd, has sold off a chunk of its equity stake in the Chinese shoe sole-maker. According to fillings to Bursa Malaysia last Friday, the Quek family via its Cayman Islands-incorporated vehicle GuoLine Group Management Co Ltd, had disposed of a 3.6% stake comprising 12.97m shares in Multi Sports on Aug 24. The Quek family had held about 15% of the company before selling down the shares. It now owns about 11.4% or 41.03m shares in Multi Sports. (Financial Daily)