Changes afoot in Pelikan

TheStar Sat, Jan 11, 2020 08:10am - 4 years View Original


New substantial shareholder: A file picture of models posing with Pelikan International Corp Bhd’s ink cartridge refill products. Over the last five months, a new substantial shareholder has emerged in the company in the form of a fund co-founded by former CIMB Bank boss Datuk Seri Nazir Razak.

Interesting changes are taking place in stationery company Pelikan International Corp Bhd.

Over the last five months, a new substantial shareholder has emerged in the company in the form of a fund co-founded by former CIMB Bank boss Datuk Seri Nazir Razak.

This means Nazir joins the ranks of other high-profile investors in Pelikan such as Caprice Capital, a fund founded by former Hong Leong stalwart Paul Poh. Another substantial shareholder in the form of Auctus Ventures Ltd and Nominees, which owns 6.66%, is believed to be linked to high-profile investor Brahmal Vasudevan.

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