Mokhzani no longer Sapura Energy substantial shareholder

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

PETALING JAYA: Tan Sri Mokhzani Mahathir has ceased to become substantial shareholder of Sapura Energy Bhd after selling almost 385 million shares in the company on Nov 7, a filing with Bursa Malaysia showed.

He would have netted RM578mil in proceeds from the share sale based on the stock’s closing price of RM1.50 on that day.