Kendall Court raises stake in Green Packet to over 10%

Just last Monday, Kiplepay and Bank Islam Malaysia Bhd launched the KipleUNl programme, providing electronic wallet services to the needs of students, universities and merchants at education hubs, campuses and university towns.

PETALING JAYA: Singapore-based private equity firm Kendall Court has bought another 35 million shares in the international telecommunications and technology firm, Green Packet Bhd, raising its stake to over 10%. On Friday, stock filings showed that Kendall Court paid around 85 cents apiece of Green Packet stock in an off-market transaction.

This came after Kendall Court had acquired 65 million shares or 7.19% in Green Packet in September last year. Following the latest purchase, this would bump up Kendall Court’s stake to 10.8%, making it the second largest shareholder after founder and group managing director, Puan Chan Cheong (29%).