These 8,950,000 ordinary shares in Magnum Berhad ("Magnum") were disposed of by Asia 4D Holdings Limited through a private placement.
By virtue of the Malaysian Companies Act 2016, CVC Capital Partners Asia Pacific III L.P. is deemed to have an indirect interest in these Magnum shares through Asia 4D Holdings Limited.
Upon the above disposal, Asia 4D Holdings Limited ceases as substantial shareholder of Magnum. Accordingly, CVC Capital Partners Asia Pacific III L.P. also ceases as substantial shareholder of Magnum.