Magma Group Sees New Substantial Shareholders Coming Onboard

Quick Summary:

Magma Group Berhad announced a change in the composition of its substantial shareholders following the successful allotment of consideration shares, which was approved by shareholders at the Extraordinary General Meeting on 21 March 2025.  Following the allotment, Skyload Express Sdn.Bhd.  has emerged as a direct substantial shareholder, holding 120,000,000 ordinary shares or 7.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: Interest Indirect Direct Shareholder Allotment Shareholders Total Ordinary Consideration Substantial Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 14:02:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28193377

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About Business Today

Main Topics: EconomyBusiness

Official Website: businesstoday.com.my

Update Frequency: 50 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 12 hours ago

Coverage Areas: Malaysia

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Publisher ID: #72

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