SEGI International Bhd (SEGi) group managing director Datuk Clement Hii Chii Kok has emerged as the second largest shareholder of the company after he acquired 30.3 million shares yesterday, raising his stake to 20.61%.
Hii, the founder of SEGI, has since last year been slowly increasing his stake and as at end-December, held 4.6% from 0.81% previously.
Hii, the founder of SEGI, has since last year been slowly increasing his stake and as at end-December, held 4.6% from 0.81% previously.
Meanwhile, Rexter Capital Sdn Bhd reduced its stake in SEGi to 13.91% from 24.77% yesterday after it sold 29 million shares. It is not known if Rexter is the vendor of the block bought by Hii. Bumiputera-owned Cerahsar Sdn Bhd remains the largest shareholder in SEGi with 23.01% stake.
Datuk Chee Hong Long is another new substantial shareholder who emerged recently holding a 6.31% equity stake. Chee is a board member of both Priceworth Wood Products Bhd and SYF Resources Bhd.
Before Rexter Capital and Cerahsar bought into the education group, Koperasi Pegawai-Pegawai Melayu Malaysia Bhd (MOCCIS) and EcoFirst, controlled by the Teoh brothers, were substantial shareholders.
Shareholding changes aside, SEGi is doing well financially. In fact, the company’s earnings have been on an upward trend since FY06.
For FY10 ended Dec 31, SEGi’s net profit quadrupled to RM43 million from RM10 million in FY09. Revenue grew to RM217.6 million from RM166.4 million previously. Earnings per share ballooned to 17.4 sen from 4.23 sen.
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