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PETALING JAYA: Carpet Raya Sdn Bhd director Deepak Jaikishan, who had unexpectedly surfaced as a substantial shareholder in ACE Market-listed Envair Holding Bhd, tells i>StarBiz/ihe is taking a long-term view of his investment and will soon raise his stake to over 10%.
KUALA LUMPUR: Envair Holding Bhd has obtained a letter of support from a local bank for the financing of up to US$100mil (RM314mil) in relation to a proposed deal where it is expected to buy and then sell two million barrels of light crude oil per month to a Chinese company, according to a top official.
PETALING JAYA: Carpet Raya Sdn Bhd director Deepak Jaikishan has sold out of loss-making air and water filter manufacturer Envair Holding Bhd, less than two weeks after buying a 5.06% stake in the company, netting at least RM750,000 in the process.