KUALA LUMPUR (Jan 21): Oil and gas services and equipment (OGSE) firm Carimin Petroleum Bhd (KL:CARIMIN) has acquired a 19.5% stake in Sealink International Bhd (KL:SEALINK) for RM39.98 million, making it the largest shareholder in the offshore marine services group. In a filing with Bursa Malaysia on Wednesday, Carimin said it purchased the stake comprising 97.5 million shares from Sealink's executive chairman Lo Ling via a direct business transaction at 41 sen per share. "The acquisition provides Carimin with an opportunity to strengthen its financial position in anticipation that the prospects and growth of Sealink group will translate into positive trajectory of Sealink share prices," it said. Lo, 70, emerged as a substantial shareholder in Sealink after he acquired 68.08 million shares on Nov 14, 2025 in an off-market deal, raising his stake to 17.14%. Prior to the share disposal to Carimin, Lo's stake in Sealink stood at 20.06%.

Source: The Edge Markets January 21, 2026 13:13 UTC