Kamaluddin, Mazlin substantial shareholders of Perduren

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KUALA LUMPUR: Datuk Kamaluddin Abdullah and Datuk Mazlin Md Junid have emerged as substantial shareholders of Perduren Bhd, filings with the exchange yesterday showed, following their takeover offer of the property investment company last Monday.

Kamaluddin, son of former prime minister Tun Abdullah Ahmad Badawi and a substantial shareholder of Scomi Group Bhd, now holds a 9.26% direct stake or 12.5 million shares in Perduren, with an indirect 33.06% stake. Mazlin, former president and chief executive officer of Daya Materials Bhd, meanwhile, has an indirect 21.79% stake in the company.

Perduren on Dec 8 announced it had received a notice of unconditional mandatory takeover offer from Kamaluddin and Mazlin to acquire all the remaining shares in Perduren not already held by them and persons acting in concert with them for a cash offer price of RM1.60 per offer share.On Dec 8, Kamaluddin, Siva Kumar M Jeyapalan, Trillion Icon Sdn Bhd, Amira Properties Sdn Bhd, Paling Terbilang Sdn Bhd, Intelek Kuasa Sdn Bhd, Mizreen Capital Sdn Bhd and Accentvest Sdn Bhd had entered into eight separate share purchase agreements with majority shareholder TS Law Group Sdn Bhd to acquire 69.3% of Perduren.

 

This article first appeared in The Edge Financial Daily, on December 19, 2014.