Monday, September 8, 2008

BVI company Gek Seng raises its stake in education group Inti Universal Holdings

Gek Seng Assets Ltd, the company registered in the British Virgin Islands and headquartered in Malaysia, announced raise of its shareholding in education group Inti Universal Holdings BHD to 7.73%, or 15.92 mln shares. The BVI company had acquired an additional stake of 2.56%, or 5.4 mln shares in the open market of Bursa Malaysia on August 21.

The BVI company acquired more shares in Inti Universal Holdings just some days after Inti's major shareholder Inti Supreme Holdings Sdn Bhd completed the sale of its entire 51.19% equity interest, or 105.5 mln shares, to Future Perspective Sdn Bhd.

On August 20, Future Perspective had served a notice of unconditional takeover for the remaining shares in Inti Universal, at RM1.20 per share.