PETALING JAYA: Businessman Mirzan Mahathir will pay some S$7mil (about RM18mil) for 27 million shares or 10.8% in Singapore-listed SBI Offshore Ltd as part of the company’s private placement to four investors.
Currently, a director of Philippine Stock Exchange-listed Petron Corp, Mirzan will subscribe for the 27 million new shares via a wholly owned BVI-registered company, CE Ventures Offshore Ltd, SBI Offshore said.
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