Brahmal explains trade

KUALA LUMPUR: Brahmal Vasudevan, the founder of private equity fund Creador, described his entry into and partial exit from IFCA MSC Bhd as a “short term” trade.

After his sale of 11.25 million shares or 2.5% of IFCA on Sept 2, Brahmal, whose corporate moves are often watched by others, still has a 3% stake in the company.