Elaine Low receives 22% shareholding in Bayan Resources (BYAN) from Low Tuck Kwong
03 Sep 2024 16:57
Conglomerate and controller of PT Bayan Resources Tbk (BYAN), Low Tuck Kwong, gave his daughter Elaine Low control over 7.33 billion BYAN shares on Wednesday, August 28. Elaine now owns 22% of the shares in the coal mining and contractor company, while Low Tuck Kwong's share portion decreased from 62.15% to just 40.15%. Securities firm BUT Butsche Bank AG facilitated the transaction between the two.