SINGAPORE (Dec 24): Lloyds Energy, which is selling half its stake in a Russian gas field to Singapore Exchange-listed MMP Resources, has emerged as a substantial shareholder of the latter. On Dec 17, MMP Resources announced that Lloyds Energy had bought 34.5 million of its shares from the open market on Dec 14 at an average price of 0.7 cent per share, raising the latter’s total stake from 5.95% to 7.42%, or 173.9 million shares.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW