Japan-based Chudenko is Samaiden’s new substantial shareholder

The scope of collaboration entails, among others, joint investment or venture in RE projects and in the introduction of technology in O&M of RE projects, as well as other technologies TOKYO-LISTED Chudenko Corp emerged as the new substantial shareholder in Samaiden Group Bhd with a 15.15% stake. Chudenko subscribed 16.8 million new ordinary shares of Samaiden at RM1.27 per share via the private placement exercise, which represented a 7.27% equity stake.

Source : The Malaysian Reserve (Print)