Johor Sultan buys 15% of tycoon Vincent Tan owned MOL for RM396mil

The deal values MOL at RM2.64bil, making it one of the most valuable online payment service providers in the local scene. This price tag values MOL at 18 times more than its locally-listed peer GHL Systems Bhd, both of which are involved in online payment gateways. (Pic: Johor Sultan)

PETALING JAYA: The Sultan of Johor has made another investment in the corporate scene – this time by paying RM396mil for a 15% stake in Tan Sri Vincent Tan’s privately-owned MOL AccessPortal Sdn Bhd.

The deal values MOL at RM2.64bil, making it one of the most valuable online payment service providers in the local scene.