Serba Dinamik founder Karim becomes Powernet's largest shareholder


KUALA LUMPUR: Datuk Mohd Abdul Karim Abdullah, the billionaire founder and CEO of Serba Dinamik Holdings Bhd, has bought a 20% stake in Kumpulan Powernet Bhd, making him the single largest shareholder.

A filing with Bursa Malaysia today showed Karim had acquired 15.26 million shares via off-market transaction on Thursday.

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