Mirzan Mahathir to emerge as SBI Offshore's major shareholder

He will be 3rd biggest shareholder with 10.8% stake

MALAYSIAN businessman Mirzan Mahathir, the eldest son of former Malaysian prime minister Mahathir Mohamad, will emerge as the third largest shareholder in Catalist-listed SBI Offshore after scooping up a 10.8 per cent stake via a private placement.

The 54-year-old low-key entrepreneur, who is also a director of the Philippines' largest oil refiner Petron Corp and has other interests in the oil and gas (O&G) sector, will subscribe for 27 million new SBI Offshore shares through a wholly owned BVI-registered...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to