PETALING JAYA: Ranhill Utilities Bhd
’s major shareholder and executive chairman Tan Sri Hamdan Mohamad has reduced his stake in the company to 34.26%, after disposing of a 9.07% stake in an off-market transaction.
In a filing with Bursa Malaysia yesterday, Ranhill said Lambang Optima Sdn Bhd, in which Hamdan has a deemed interest, sold the 9.07% stake comprising 116.63 million shares on March 18. This results in Lambang Optima ceasing to be a substantial shareholder in Ranhill.
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