Super Racer Limited is now Reach Energy’s major shareholder

Reach Energy chief executive officer Tan Siew Chaing

KUALA LUMPUR: Reach Energy Bhd has completed the proposed debt settlement amounting to RM206.51mil or approximately 76% of the debt owing to Super Racer Limited (SRL).

The completion signals SRL’s emergence as a major shareholder with 1.032 billion shares, or 48.5% of the enlarged issued share capital.