Jho Low's father pares deemed stake in Frencken; no longer substantial shareholder

SINGAPORE (Aug 30): Larry Low Hock Peng, the father of Jho Low, has ceased to be a substantial shareholder of Frencken Group.

The elder Low’s deemed holdings in Frencken was cut to 4.74%, from 8.14% previously, after the disposal of his shares in Meng Tak Corporation, the Low family company named after his father Low Meng Tak.

The Malaysian government last Friday filed criminal charges against both Jho and Larry Low over the 1Malaysia Development Bhd (1MDB) case.

---

Related Stories

• The worst is over for Frencken, Maybank upgrades to 'buy' with a higher TP of $1.21
• Analysts mixed on Frencken’s outlook following 3QFY2022 earnings miss
• Frencken reports 3QFY2022 earnings of $11 million, down 25.7% y-o-y

---