In a brief conversation with The Edge, Halim says he has invested roughly RM900 million in Sumatec and the Rakushechnoye oil and gas field in Kazakhstan. In response, Halim indicates that doing so would leave other Sumatec shareholders high and dry, and reiterates his commitment to the listed company. “My name is riding on [Sumatec]. If I abandon Sumatec now, I will not enjoy support from the capital markets in future,” he says. At present, Sumatec is the only listed vehicle on Bursa Malaysia where Halim’s name surfaces.

Source: The Edge Markets November 15, 2017 06:05 UTC