Landmarks Bhd is selling its entire stakes in five of its subsidiaries to Singapore’s Blumont Group Ltd for a combined S$63.4 million (RM195.1 million), which would be fully satisfied via the issuance of new shares in Blumont. The transaction is deemed a related party transaction as Landmark’s executive deputy chairman, chief executive officer and substantial shareholder Mark Wee Liang Yee is also the controlling shareholder of Blumont, with a 51.37% stake as at April 5.