The Kassim family of Expolanka PLC fame further divested their shares in this company on Tuesday to the SG Holdings, a leading freight and logistics company based in Japan, Sattar Kassim, a family member/ shareholder told times online.
He said that he along with brothers Ousman Kassim and Farook Cassim collectively disposed a stake of 16.05 per cent on Tuesday to S.G. Holdings, the parent of Sagawa Group. On Tuesday's early trade, Mr. Ousman Kassim sold Rs. 163 million shares which totalled to 8.35 per cent with the other two selling 8.3 per cent, Mr. Sattar Kassim added.
Prior to this 30 per cent stake of Expolanka was acquired in May 2014 by S.G. Holdings, whose parent Sagawa Group has presence in Singapore, Hong Kong, Vietnam, Philippines, Korea, Thailand, Indonesia, Malaysia and USA. Expolanka Holdings, a freight forwarder has diversified interests in freight & logistics, travel and leisure, international trading & manufacturing and investments & services.
Mr. Sattar Kassim said that the brothers will be investing in their new group of companies – Aberdeen.
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