Substantial shareholder in Cypark emerges

TheStar Wed, Feb 08, 2023 12:00am - 1 year View Original


Cypark said Perkeso acquired 42 million Cypark shares on Feb 3 via a direct deal.

PETALING JAYA: Pertubuhan Keselamatan Social (Perkeso) has emerged a substantial shareholder in Cypark Resources Bhd with a 5.49% stake.

In a filing with Bursa Malaysia yesterday, Cypark, a renewable energy-based business, noted that Perkeso had acquired 42 million Cypark shares on Feb 3 via a direct deal.

Cypark has also seen the emergence of the Jakel Capital Sdn Bhd as a substantial shareholder with a 27.33% stake following a private placement of 176.6 million new Cypark shares worth RM67.1mil in January.

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