PETALING JAYA: System integrator Comintel Corp Bhd’s (Comcorp) largest shareholder, JT Conglomerate Sdn Bhd (JTC), is reducing the number of subscription shares it has in the PN17 company.

       In a filing with Bursa Malaysia, Comcorp said it had entered into a supplemental subscription agreement with JTC, where the latter will reduce the number of subscription shares to be subscribed from 206.13 million to 145 million.

       “For avoidance of doubt, the proposed revision does not affect the subscription by JTC of 70 million redeemable convertible preference shares (RCPS) as per the subscription agreement as well as the subscription price of eight sen each for the subscription share and RCPS respectively.