DESPITE a view that many Malaysian oil and gas (O&G) companies are not out of the woods yet following the 2014 collapse in oil prices, investor interest in some companies remains strong.

Take the case of Sapura Energy Bhd . This week, a block of 384,969,500 shares crossed hands.

According to its filing with Bursa Malaysia on Thursday, Tan Sri Mokhzani Mahathir ceased to be a substantial shareholder after selling close to 385 million shares in the company on Nov 7.

Based on the stock’s closing price on the day, Mokhzani is expected to have gained RM578mil in proceeds from the share sale via his British Virgin Islands-registered private vehicle, Khasera Baru Ltd.

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