Business

China Private Equity buys 5pc in Patimas

KUALA LUMPUR, Jan 30 – China Private Equity Investment Holdings Ltd has acquired a five per cent equity in Patimas Computers Bhd via a foreign stockbroker, according to businessman Datuk Seri Abdul Azim Zabidi.

He said the company had submitted the shareholdings acquisition form to the Patimas company secretary yesterday.

“I have no comment to make at this point of time in view of Patimas’ earlier

statement to the stock exchange. I believe will be vindicated in what I said in my earlier statement by as early as next week,” he said when contacted here.

Azim had on Jan 17 said that he was in talks to rope in a foreign strategic partner to help revive the fortunes of the PN17 company.

The talks were expected to be concluded within the next 10 working days, he had said then.

The former chairman of Bank Simpanan Nasional emerged as a shareholder in Patimas early this month.

Abdul Azim purchased 45 million shares in Patimas, or 5.44 per cent of the company via his company Syawaras Sdn Bhd on Jan 11, according to a Bursa Malaysia announcement.

The businessman increased his stake by almost two per cent later in the week.

For the second quarter ended Sept 30, 2012, Patimas incurred a pre-tax loss of RM8.58 million on a lower revenue of RM6.99 million. – Bernama

 

Comments