KUALA LUMPUR (April 2) : Navis Capital Partners Ltd has emerged as a major shareholder in SEG INTERNATIONAL BHD [] after acquiring 21.53% in the higher education provider from Cerahsar Sdn Bhd.
Updates to Bursa Malaysia on Monday show that Navis had acquired the stake comprising 114.8 million shares via Pinnacle Heritage Solutions Sdn Bhd last Thursday from Cerahsar, which ceased to be a major shareholder in SEG following the transaction.
The transaction price was, however, not disclosed. At SEG shares’ closing price of RM1.72 on that day, the deal could be worth RM197.46 million.
Updates to Bursa Malaysia on Monday show that Navis had acquired the stake comprising 114.8 million shares via Pinnacle Heritage Solutions Sdn Bhd last Thursday from Cerahsar, which ceased to be a major shareholder in SEG following the transaction.
The transaction price was, however, not disclosed. At SEG shares’ closing price of RM1.72 on that day, the deal could be worth RM197.46 million.
