Mokhzani exiting O&G

Selling stakes: Mokhzani has been paring down his stake in Sapura Energy over the years.

 PETALING JAYA: Tan Sri Mokhzani Mahathir, who spotted the trend of investing in the oil and gas (O&G) industry some 15 years ago, is completely exiting the sector as sentiment in crude oil prices picks up.

In the latest development, he is looking to sell his entire 10.1% stake or 605 million shares in Sapura Energy Bhd via a private placement. The shares are held by his private vehicle, Khasera Baru Sdn Bhd.