Taliworks Corp Bhd's subsidiary Cerah Sama Sdn Bhd has ceased to be a substantial shareholder in SILK Holdings Bhd after the recent disposal of 485,000 SILK shares on Aug 13. Cerah Sama's disposal of the shares reduced its shareholding in the toll road operator to 4.86% or 8.749 million shares.
Cerah Sama, is 55%-owned by water player Taliworks. It had sold 14.1 million shares or a 7.8% stake in SILK between July 20 and 29 2009.
The other shareholder of Cerah Sama is SEASAF (South East Asia Strategic Assets Fund) Highway Sdn Bhd.
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Taliworks Corp ... July 09
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