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Amcorp sells 19% in Global Carriers, ceases to be major shareholder

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Amcorp sells 19% in Global Carriers, ceases to be major shareholder Empty Amcorp sells 19% in Global Carriers, ceases to be major shareholder

Post by Cals Tue 21 Jan 2014, 17:08

Amcorp sells 19% in Global Carriers, ceases to be major shareholder
Business & Markets 2014
Written by Chong Jin Hun of theedgemalaysia.com   
Tuesday, 21 January 2014 13:22

KUALA LUMPUR (Jan 21): Amcorp Group Bhd has ceased to be a major shareholder in Practice Note 17 (PN17) shipping firm Global Carriers Bhd. This follows the sale of 32.41 million shares or 19% in Global Carriers by Amcorp.

In a statement to the exchange today, Global Carriers said Amcorp  has ceased to be substantial shareholder since January 9 this year.

Amcorp's stake in Global Carriers was held via  AmBank (M) Bhd and AmEquities Sdn Bhd.

Global Carriers had said on January 2 this year that the firm "is presently in the midst of formulating a regularisation plan to address its PN17 status".

"The company has approximately two (2) months to submit its regularisation plan to the relevant authorities for approval," Global Carriers said then.
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