Fairfax emerges as major shareholder in Mudajaya

PETALING JAYA: Canadian insurer Fairfax Financial Holdings Ltd (FFHL) and its subsidiaries have emerged as substantial shareholders in Mudajaya Group Bhd with a 5.2% stake.

Companies related to FFHL, namely, FFHL Group Ltd, Fairfax Asia Ltd, Fairfax (Barbados) International Corp (FBIC) and United States-based Odyssey Reinsurance Company, have emerged as substantial shareholders in the construction player by owning 27.98 million shares or a 5.2% stake as at yesterday.