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.

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