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DEUTSCHE BANK SUBSTANTIAL SHAREHOLDER IN PERTRA
The Edgedaily.com • By Kevin Tan, 12.24pm • 23 October 2003
Deutsche Bank AG has emerged as a substantial shareholder in Petra Perdana Bhd after acquiring 4.75 million shares between Oct 2 and 13, 2003.
Filings to KLSE showed that the German bank's shareholding was 7.73 per cent after the recent acquisition. The acquisition of the shares was for investment purpose, according to the filings.
Petra Perdana is an integrated service provider for the oil and gas industries. Its shares have been riding high on the back of the recent rally in the oil and gas-related stocks.
The shares were trading at RM13.20 on Oct 2 before declining to RM11 on Oct 13.
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