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%).

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Kendall Court , Green Packet , Kiplepay , stake , raise , PE , e-wallet , Bank Islam ,


Next In Business News

Oil prices rise as US closes in on debt deal
Inflation figures moderate slightly in April
All eyes on US congress decision
Steady residential market
Managing change in modern banking
E&O commits to sustainability in Andaman projects
Aussie retail sales flat on rate hikes
Homebuyers to benefit from new banding system
IOIProp Q3 net profit up to RM115mil
Train kept a rollin’

Others Also Read