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LONDON - Crushmetric Group Limited announced Friday that substantial shareholder Megasia International Limited will transfer its entire 17.3% stake in the company to its two directors, who also serve in leadership roles at Crushmetric.
According to the company’s statement, Megasia will distribute its 42,224,696 ordinary shares for nil consideration to Dr. Chow Ching Fung and Mr. Ong Ban Poh Michael, proportionate to their ownership in Megasia. Dr. Chow, a non-executive director at Crushmetric, will receive 28,290,546 shares (67% of the holding), while Mr. Ong, Crushmetric’s CEO, will receive 13,934,150 shares (33%).
The transfer is expected to be completed by August 22, 2025.
In a separate transaction, substantial shareholder Mr. Lim Yi Shenn has transferred 5,000,000 ordinary shares to Ms. Ding Kai and 272,188 shares to another individual shareholder.
Following these transactions, Mr. Ong will hold approximately 33.13% of Crushmetric with 80,854,467 shares, while Dr. Chow will control about 11.59% with 28,290,546 shares. Ms. Ding’s holdings will increase to 7,886,237 shares (3.23%), making her a substantial shareholder. Mr. Lim will retain 15,441,639 shares, representing approximately 6.33% of the company.
The announcement was made through a regulatory filing where the directors of Crushmetric Group Limited accepted responsibility for the contents of the statement.
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