PETALING JAYA: Singapore-based private equity firm Kendall Court has bought another 35 million shares in the international telecommunications and technology firm, GREEN PACKET BHD
, raising its stake to over 10%. On Friday, stock filings showed that Kendall Court paid around 85 cents apiece of Green Packet stock in an off-market transaction.
This came after Kendall Court had acquired 65 million shares or 7.19% in Green Packet in September last year. Following the latest purchase, this would bump up Kendall Court’s stake to 10.8%, making it the second largest shareholder after founder and group managing director, Puan Chan Cheong (29%).
In September, following its 7.19% equity purchase of Green Packet, Kendall Court had then said it was impressed by Green Packet’s progress particularly in its fintech business with the ability to leverage on its e-wallet, payment gateway and wallet-as-a-service capabilities.
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