PETALING JAYA: Scicom (MSC) Bhd chief executive officer Leo Ariyanayakam has picked up almost a third of PT Telekomunikasi Indonesia International’s (Telin) 21.27% stake Scicom following a selldown by the Jakarta-based firm.
Stock exchange filings showed that Telin, a subsidiary of major Indonesian telco PT Telekomunikasi Indonesia Tbk, cashed out of its entire holdings in Scicom of 62.99 million shares at 49 sen apiece on Monday, a few days after it disposed of 25 million shares on Sept 6, also at 49 sen.
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