PETALING JAYA: Plantation outfit Mentiga Corp Bhd
is set to have a new major shareholder after a 30% stake sale involving 21 million shares valued at RM21mil was completed yesterday.
Amanah Saham Pahang Bhd (Aspa) sold the stake to HIS TIZA Pahang Sdn Bhd (HTP) at a 72.41% premium to the market price.
HTP is a joint venture owned by the investment holding companies of Citaglobal Bhd executive chairman and president Tan Sri Mohamad Norza Zakaria and Pahang Crown Prince Tengku Hassanal Ibrahim Alam Shah.
In an announcement to the stock exchange, Mentiga’s board it had received notification from Aspa that the share sale agreement dated Oct 12 between Aspa and HTP for the acquisition of the shares had been completed yesterday.
HTP is now Mentiga’s second-largest shareholder after Aspa, which remains the largest shareholder with a 43.91% stake. The Pahang government owns Aspa.
