Ong is the vice president of Maybank Securities and has been since 2007. He is also the non-executive chairman and lead independent director of Catalist-listed VCPlus. In addition, Ong is a director of a consultancy company providing business and management advisory services. According to Clearbridge’s filing on Dec 19, 2024, Ong has 17 years of experience with corporate finance transactions and fund-raising including initial public offerings and reverse take-overs. He was first introduced to Clearbridge by the senior management of the company.
Following the proposed placement, Ong’s stake in the company rose from 0.11% to 14.36%.
Following the completion of the proposed placement, the company’s total issued shares increased from 1.86 billion shares to 2.17 billion shares. The company has no treasury shares and subsidiary holdings as at Jan 10.
The shares are expected to be listed and quoted on the Catalist board on Jan 14; trading of the shares is expected to commence with effect from 9am on the same day.
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Shares in Clearbridge closed 0.1 cents higher or 33.33% up at 0.4 cents on Jan 10.
