Markets
Mokhzani sells 533m Sapura Energy shares
Johnny Loh | 03 Nov 2017 00:30
Mokhzani sold his shares through his investment vehicle Khasera Baru Ltd
Tan Sri Mokhzani Mahathir has disposed 532.68 million shares or an 8.89% stake in Sapura Energy Bhd. The shares were disposed at between RM1.42 and RM1.53, according to off-market trade filings on Nov 2.
 
The block of shares was done at RM759.94 mil. The shares were sold through Khasera Baru Ltd, an investment vehicle of Mokhzani.

It is not known if Khasera owns any more Sapura Energy shares after the sale. As at April 28, it reportedly held 605 million shares or a 10.1% stake.
  
A report on Nov 2 says Khasera Baru has sold its entire 605 million shares in Sapura Energy at a discount for RM859.1 mil through a private placement. The counter closed at RM1.49 sen on Nov 2.