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Hong Kong investor and EPF pare stake in Interra Resources, Riverstone respectively

The Edge Singapore
The Edge Singapore 11/3/2021 10:39 AM GMT+08  • 4 min read
Hong Kong investor and EPF pare stake in Interra Resources, Riverstone respectively
Interra Resources has started drilling another well in Myanmar
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A Hong Kong-based company that is a substantial shareholder of Interra Resources has trimmed its stake in the oil explorer and producer.

On Oct 26, Poly Legend International sold around 11.1 million shares for $572,022.20, which works out to around 5.2 cents each. It now owns 43.8 million shares or 6.68%, down from 8.37%.

Poly Legend, which is in petrochemicals and commodities trading, became a substantial shareholder of Interra Resources last April after it invested $2.8 million for a 9.53% stake via a placement.

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