Vincent Tan selling stake in T7 Global amid controversy over the ECRL project

PETALING JAYA: A month after emerging as a substantial shareholder in T7 Global Bhd, Tan Sri Vincent Tan has announced his plan to exit the offshore oilfield service provider in light of the recent controversy over the East Coast Rail Link (ECRL) project.

In a statement yesterday, the tycoon said he would be divesting his entire 5.29% stake in T7 Global, which was also a contractor for the ECRL.