With that, Ong now holds an 11.0% stake in Seni Jaya via direct and indirect interests.
The outdoor advertising services provider, in a statement, said Ong emerged as a substantial shareholder in Seni Jaya following the acquisition of 2.94 million ordinary shares, or 6.1%-stake through a direct business transaction.Presently, Ong, 48 is the group managing director of
, where he spearheads the group's overall strategy and direction in the property development, construction and project management consultation businesses.Seni Jaya said Ong possesses in-depth experience in the out-of-home advertising business through his ownership of a private company in that space.
“I am extremely honoured to join the board of Seni Jaya. Together with the management team, they have done a commendable job in turning around the company through the ongoing transformation plan. “I believe my own experience in the OOH advertising space and directorship background in OCR can add value and perspective to the present leadership structure and help propel the group further,” Ong said.