KUALA LUMPUR (March 25): Meridian Bhd saw the emergence of Datuk Seri Lee Koon Weng as a substantial shareholder, after purchasing 7.72 million shares in the property developer via a direct business transaction and the open market.

In a bourse filing yesterday, Meridian said post-acquisition, Lee now holds 31.68 million shares or a 5.47% stake in the company.

Meridian shares closed up half a sen or 10% at 5.5 sen yesterday, valuing it at RM31.88 million.

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LUMEO @ The Atera: Dual-key TOD with 61 facilities for connected living, steady returns in heart of Petaling Jaya

Not only is the development perfectly positioned with walkable access to Asia Jaya LRT and tertiary institutions like BAC and City University, residents also enjoy the full benefits of a fully matured PJ township packed with everyday amenities — beautifully encapsulating the pinnacle of modern urban living.

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