DWL now has two new major shareholders. One is Wan Khalik Wan Muhammad(file pic) who bought a 10% stake in January when he bought 19.86 million shares via his private investment vehicle Total Sejati Sdn Bhd.
PETALING JAYA: Gadang Holdings Bhd
has purchased a 10% stake in little known DWL Resources Bhd in a move the former says, “is to build and strengthen the business relationship between the two companies.”
Major construction outfit Gadang, which has a market capitalisation of close to RM560mil, said it paid RM18mil in cash for the purchase of 20 million shares in DWL at 90 sen a share. The trade was done via an off market transaction.
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