Chief executive increases stake in Scicom


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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , SCICOM

   

Next In Business News

Ringgit unchanged vs greenback due to wait-and-see mode
Saudi-based ACWA Power keen on investing over US$10bil in Malaysia
Bursa Malaysia to close for Labour Day
Singapore’s Hildrics Capital increases stake in GIIB
AirAsia X achieves 83% passenger load factor in 1Q24
Oppstar partners with Samsung Electronics for industrial integrated circuit production
Iconic Worldwide plans 'bigger and bolder bets' to accelerate growth
ITMAX and JLand Group partner to develop smart cities
Sapura Energy secures PETRONAS contract for Pan Malaysia underwater services
YTL REIT to develop hotel in Japan for RM199mil

Others Also Read