PETALING JAYA: SMTrack Bhd has announced that Tan Sri Lee Kim Tiong, Datuk Seri Tan Choon Hwa and Datuk Justin Lim Hwa Tat have ceased to be substantial shareholders of the company.

       In a filing with Bursa Malaysia yesterday, SMTrack said this followed the dilution of shareholdings due to the enlarged share capital of the company, which arose from the conversion of redeemable convertible notes.

       SMTrack was listed on the Ace Market of Bursa Malaysia back in April 2011, at an issue price of 31 sen.

       The company offers RFID solutions for various applications.