KUCHING: The State Financial Secretary Sarawak (Incorporation) (SFSS) will emerge as the single largest shareholder of Bintulu Port Holdings Bhd
(BPHB) after it subscribes for 60 million new shares under a placement exercise for RM399mil.
Its unit, Equisar Assets Sdn Bhd, will take up the block of shares at RM6.65 each. The money from the placement exercise will be used by BPHB to part-finance the Samalaju Port project.
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