TMS shareholder doubles stake to 5.6%

"The Media Shoppe Bhd (TMS) has seen its shareholder Richard George Azlan Abas doubling his stake in the IT-based company to emerge as a substantial shareholder with 5.62% or 7.41 million shares.

Filings to Bursa Malaysia showed that Azlan acquired 3.08% or 4.06 million shares on May 29, increasing his stake to 7.41 million shares. Previously, he held 3.35 million shares or 2.54%.

It closed at 16.5 sen on May 29.

TMS develops enterprise knowledge portal technologies. It offers e-business solutions in organisational collaboration, content management, business intelligence and e-learning."

~ From TheEdgeDaily.com

Will this attract the speculators and effect the performance of TMS? So far the performance for TMS has been very low. Not much news from this company.

By the way, Oi Cheng's sister is working in this company.