PETALING JAYA: Green Packet Bhd
has proposed to sell its entire stake in G3 Global Bhd to Puan Chan Cheong or CC Puan, the group managing director and chief executive officer of Green Packet, for RM91.89mil.
CC Puan will be buying about 612.57 million shares or 24.81% equity interest in G3 Global for 15 sen per share. He is a major shareholder in both Green Packet and G3 Global.
As of July 2, Green Packet holds 307.32 million shares and 305.25 million warrants in G3 Global. Green Packet plans to fully exercise these warrants into 305.25 million G3 shares before disposing of them to CC Puan.
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