KUALA LUMPUR (April 6): Private equity firm Creador Sdn Bhd is buying into GHL Systems Bhd and Uzma Bhd.
A filing with Bursa Malaysia showed that Parantaka Ltd, in which Creador has deemed interest, had on April 2 and 3, bought a total of 1.77 million shares or 0.23% stake in GHL. Creador subsequently raised its stake in the company to 12.83% or 96.10 million shares.
Creador has been accumulating shares in the payment service provider and merchant acquirer since the end of February.
To recap, Creador first emerged as a substantial shareholder of GHL on Feb 26, after acquiring some 46.18 million shares in the company, which increased its shares to some 49.9 million or 6.66% stake in the company.
Meanwhile, Creador’s founder and chief executive officer Brahmal Vasudevan had also emerged as a substantial shareholder of Uzma on April 3, after acquiring some one million shares or a 0.3% stake in Uzma via the open market.
He owned a direct interest of 3.91% or 12.5 million shares and indirect interest of 1.25% or four million shares in the company and has emerged as its largest shareholder.
Shares of Uzma closed 10 sen or 19.23% higher at 62 sen today, valuing the group at RM198.42 million. The counter saw some 52.34 million shares transacted.
Year-to-date, the counter has fallen some 36.08%, in line with the oil price crash.
http://www.theedgemarkets.com/article/creador-buys-ghl-and-uzma
