Quek, Poh acquire 15% of Alam Maritim

PETALING JAYA: Savvy investors Tan Sri Quek Leng Chan (pic) and his associate, Paul Poh, are buying a 15.53% stake in Alam Maritim Resources Bhd at RM1.35 per share, confirming StarBiz’s report earlier this week.

Offshore support vessel (OSV) operator Alam Maritim said in Bursa Malaysia filings that it had entered into an agreement with companies owned by Quek and Poh to collectively sell them 123 million shares, which will raise some RM166.05mil. The proceeds will be used to acquire a new OSV vessel as well as retire some of its debt.