KUALA LUMPUR (Sept 18): Pensonic Holdings Bhd chairman Datuk Seri Chew Weng Khak @ Chew Weng Kiak has disposed of a 10.34% stake in the electrical home appliances maker for RM10.27 million.

According to a bourse filing on Monday, Chew sold the stake comprising 13 million shares via Chew Weng Khak Realty Sdn Bhd on Sept 15, slashing his shareholding in Pensonic to 20.29%.

A check with Bloomberg shows that the 13 million shares were sold to Sphere Corp Sdn Bhd at 79 sen per share, or RM10.27 million.

It is worth noting that in less than a month, Pensonic’s share price has risen 58.24% — from 45.5 sen on Aug 23 to 72 sen on Monday.

At 72 sen, Pensonic is valued at RM93.36 million.