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Quick take: Utusan Melayu exec chairman buys 31.6% stake for RM6.65m


KUALA LUMPUR: Utusan Melayu (Malaysia) Bhd executive chairman Datuk Abd Aziz Sheikh Fadzir has emerged as the single largest shareholder in the newspaper publisher when he acquired a 31.6% stake on Friday.

A filing with Bursa Malaysia showed he acquired the stake, comprising of 35 million shares, at 19 sen each, for a total of RM6.65mil. This was 7.5 sen or 65.2% over the current price of 11.5 sen.

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