Friday, January 22, 2010

US firm ups stake in Green Packet

SMALLCAP World Fund Inc, a US-based investment firm, has emerged as a substantial shareholder of Green Packet Bhd (0082), a software developer and wireless Internet service provider.

It bought 33.9 million shares, or 5.2 per cent on January 11, Green Packet said in a statement to Bursa Malaysia.

Smallcap continued to buy more shares, and as on Wednesday, held 6.02 per cent, or 39.29 million Green Packet shares.

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