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Ng NG

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KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.

According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.

No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.

Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.

NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.

Parkson’s largest shareholder is its chairman and managing KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.

According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.

No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.

Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.

NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.

Parkson’s largest shareholder is its chairman and managing director Tan Sri Cheng Heng Jem, with a 54.57% stake.

Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.

Sri Cheng Heng Jem, with a 54.57% stake.

Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.

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Previous replies (85)

cheng

Retail trade data looks good, Ricardo. Hopefully Irelia will be able to "pressure" BODs to take aggressive actions on non profitable stores to stop losses and preserve profits from profitable stores, reinvest the profits on profitable stores to keep up with the latest trends.

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cheng

In September, the total retail sales of consumer goods reached 419,7.1 billion yuan, up by 3.0% year on year. Specifically, the retail sales of consumer goods excluding automobiles reached 3,726.0 billion yuan, up by 3.2%. From January to September, the total retail sales of consumer goods reached 36,587.7 billion yuan, up by 4.5%. Specifically, the retail sales of consumer goods excluding automobiles reached 32,995.4 billion yuan, up by 4.9%.

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transforming cities

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Parkson close down Beijing centre

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cheng

This was announced back in August right? Or something new?

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Leong HL

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About time to move up.

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Leong HL

The future of Parkson in Malaysia is very bright at the moment. As a supplier in retailing to most major departments store in Malaysia .. Parkson is heading the right direction.