Chan buys another company

Recently Raymond Chan sold his stakes in Ariantec Global (AGLOBAL) and Metronic Global (MTRONIC). He is making a come back by potentially buying into an another company, AT Systematization (AT).

AT Systematization (AT) is listed in ACE Market and was actively traded for last few days.

Below are the news extracted from Business Times Malaysia, titled Chan buys 5.5pc stake in AT Systematization.

KUALA LUMPUR: Sabah businessman Datuk Raymond Chan Boon Siew, who sold down his stakes in Ariantec Global Bhd and associate company Metronic Global Bhd recently, is believed to have bought some 10 million AT Systematization shares yesterday.

"Chan acquired the shares from the open market," a source close to the businessman said.

Based on AT Systematization's share price performance yesterday, the 10 million shares, equivalent to about 5.5 per cent stake in the company, would cost Chan less than RM2.3 million.

Its shares on Bursa Malaysia fell 6.5 per cent, or 1.5 sen, to 21.5 sen yesterday. There were more than 48.9 million shares changing hands.

So far this year, AT Systematization shares have gained by more than 13.5 sen, or 168 per cent.