Tan Kean Soon acquires more shares in Tanjung Offshore

-A +A

KUALA LUMPUR (Oct 8): Tan Sri Tan Kean Soon has acquired an additional 800,000 shares or 0.2% equity stake in Tanjung Offshore Bhd, via indirect interests.

According to a filing with Bursa Malaysia, Tan’s son acquired 200,000 shares at 56.45 sen per share on Oct 3, 2014; another 200,000 shares at 55 sen per share on Oct 7, 2014; and the balance 400,000 shares at 53 sen per share on Oct 8, 2014.

After the acquisition, Tan, who is also a director in Tanjung Offshore, has deemed interest of 3.8 million shares or a 1.01% stake in the oil and gas services provider, and 17.9 million shares or 4.78% direct interest in the company.

Last Friday, Tanjung Offshore announced it had obtained an 8-month extension on the two heads of agreements (HoA) entered into on June 5, in relation to its proposed reverse takeover of Bourbon Group’s businesses.

The conclusion of the deal has been extended to June 5, 2015, from Oct 5, 2014.

Tanjung Offshore closed one sen lower at 50 sen, bringing its market capitalisation to RM184.08 million.