Kendall Court exits Green Packet


Green Packet’s group managing director and chief executive officer Puan Chan Cheong (pic) is the company’s biggest shareholder, with a direct stake of 10.22% as at June 12. He also holds an indirect stake of 16.9% via Green Packet Holdings Ltd.

PETALING JAYA: Singapore-based private equity (PE) firm Kendall Court has ceased to be a substantial shareholder of Green Packet Bhd, after it disposed of its entire stake in the international telecommunications and technology group.

In a filing with Bursa Malaysia, Green Packet said Kendall Court, via its wholly-owned unit Summit Synergy Ltd, had disposed of 100 million shares or its entire 10.9% stake via a direct business transaction.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS
SBH acquires industrial land in Penang for RM18.9mil
Malaysia's GDP growth likely to remain resilient at 4.5% in 2025 - OCBC
Ancom Nylex to remain vigilant in managing risks
JTGB wins RM25.5mil underground cable job
Johor-Singapore SEZ, bringing Asean closer, says Anwar
Ringgit weakens against US dollar at the close
HLB appoints Jeffrey Yap as head of regional wealth management
TAS Offshore to sustain growth momentum from strong orderbook
Hextar Industries to soft open 5 Luckin Coffee outlets this month

Others Also Read