SerSol Bhd shares were traded to as high as RM1.06 at mid-morning today, becoming the third most active counter on Bursa Malaysia.

This came after Mohd Nazifuddin Mohd Najib, the son of Prime Minister Datuk Seri Najib Razak had acquired a controlling stake of 20.76 per cent in SerSol.

At 10.55am, SerSol's share price rose a sen to RM1.03 with 30.11 million shares done.

Nazifuddin emerged as a major shareholder in the industrial chemical producer after acquiring 40 million shares in the company.

He bought the stake from former managing director Tan Fie Ping and his brother Fie Jen.

Both Fie Ping and Fie Jen have ceased to be substantial shareholders in SerSol.-- Bernama