Kendall Court exits Green Packet


Green Packet’s group managing director and chief executive officer Puan Chan Cheong (pic) is the company’s biggest shareholder, with a direct stake of 10.22% as at June 12. He also holds an indirect stake of 16.9% via Green Packet Holdings Ltd.

PETALING JAYA: Singapore-based private equity (PE) firm Kendall Court has ceased to be a substantial shareholder of Green Packet Bhd, after it disposed of its entire stake in the international telecommunications and technology group.

In a filing with Bursa Malaysia, Green Packet said Kendall Court, via its wholly-owned unit Summit Synergy Ltd, had disposed of 100 million shares or its entire 10.9% stake via a direct business transaction.

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