Share
- Ahead of the share disposal, Chiau had actively accumulated LTKM shares between early August and late August this year.
KUALA LUMPUR (Nov 7): Datuk Seri Chiau Beng Teik (pictured) has ceased to be a substantial shareholder of LTKM Bhd (KL:LTKM) after trimming his stake in the egg producer to below 5%, a bourse filing on Friday showed.
Chiau disposed of 2.65 million shares in LTKM via off-market transactions between Nov 5-6, reducing his shareholding to 4.98% from 5.33% previously—below the threshold required to be deemed a substantial shareholder under Bursa Malaysia’s listing rules.
Chiau is best known as the founder of Chin Hin Group Bhd (KL:CHINHIN), a homegrown building materials specialist where he currently holds a 22.31% direct and 37.45% indirect interests.
Ahead of the share disposal, Chiau had actively accumulated LTKM shares between early August and late August this year.
According to Bursa Malaysia filings, he made several purchases in the open market and off-market, with an accumulated amount of up to 2.14 million shares.
That bumped up his stake to 6.83%, from the cut-off date of LTKM’s 2025 annual report of July 30, where Chiau held 7.63 million shares, representing a 5.33% stake in the company at the time.
During August's acquisition period, LTKM shares were traded between RM1.30 and RM1.70.
LTKM’s other major shareholders currently are Datuk Tan Kok and Datin Lim Hooi Tin, who hold direct and indirect stakes of 73.32% and 71.32%, respectively. Their indirect shareholding is held through Ladang Ternakan Kelang Sdn Bhd, which owns 67.52% of LTKM.
Shares of LTKM closed 1.37% or two sen lower at RM1.44 on Friday, valuing the poultry company at RM206.08 million. Year to date, the counter has risen over 10%.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
