Alam Maritim shareholders say 'yes' to entry of tycoon Quek and Poh

PETALING JAYA: Shareholders of Alam Maritim Resources Bhd have green-lit the entry of banking tycoon Tan Sri Quek Leng Chan and his lieutenant Paul Poh as the second-largest shareholders of the offshore support vessel firm, according to a filing with Bursa Malaysia.

Quek, via Associated Land Sdn Bhd, had agreed in late April to take up 60 million new Alam Maritim shares for RM81mil and Poh’s Caprice Capital International Ltd 63 million shares worth RM85.05mil via a placement.