Mondrian Investment Partners is no longer a substantial shareholder of the supermarket chain operator Sheng Siong Group. On May 5, the London-based asset manager sold just over 2.53 million shares on the open market for $3.97 million, or an average of $1.57 per share. With that, Mondrian is left with around 72.93 million shares, or 4.85%, down from 5.02% previously although it remains the second-largest shareholder.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe