CEO Morning Brief

Sultan of Selangor Emerges as a Substantial Shareholder of Transocean

edgeinvest
Publish date: Thu, 04 May 2023, 08:47 AM
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TheEdge CEO Morning Brief
Sultan of Selangor emerges as a substantial shareholder of Transocean

KUALA LUMPUR (May 3): Sultan Idris Shah of Selangor has emerged as a substantial shareholder of Transocean Holdings Bhd with a deemed interest of 30.73% in the logistics and IT company.

According to a Bursa Malaysia filing on April 28, the Selangor ruler is a shareholder of Digital Planners Sdn Bhd, which “controls not less than 20% of the voting shares of Enfrasys Consulting Sdn Bhd”.

Enfrasys in turn has 20 million shares or a 30.73% stake in Transocean.

Transocean shares closed 17 sen or 7.7% lower at RM2.03, for a market capitalisation of RM132.1 million.

Source: TheEdge - 4 May 2023

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