KUALA LUMPUR: Datuk Mohd Abdul Karim Abdullah, the founder of Serba Dinamik Holdings Bhd
and one of the top 40 richest Malaysian, is said to have bought a big stake in Kumpulan Powernet Bhd, his second major purchase in less than a month.
Sources said the 54-year old billionaire and his business partner have acquired a combined 30% equity interest in Powernet from substantial shareholders SSF Home Builder Sdn Bhd and Datuk Lee Chong Hoon - the brother of national badminton hero Datuk Lee Chong Wei.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
