Wednesday, November 14, 2007

BVI company buys a substantial stake in Golden Plus

China Investment Capital Limited, a company registered in the British Virgin Islands, purchased a 5.45% stake comprising of eight million shares in Golden Plus Holdings Bhd. As a result of the deal that took place on November 11 China Investment has become a substantial shareholder of this property company.

Golden Plus Holdings is involved in quarries and supplies premix; company's subsidiaries are focused on property development, water theme park and restaurant.

Along with the BVI company, the major shareholders of Golden Plus are Strategik Bakti Sdn Bhd with 18.16% stake or 26.66 million shares, and BHLB Trustee Bhd holding 8.45%, or 12.4 million shares.