By GANESHWARAN KANA
Links to two well-known names in business circles, notably Tan Sri Vincent Tan and Wong Thean Soon or T.S. Wong.
Farhash’s links to Wong of MyEG Services Bhd can be traced to at least three listed companies – Excel Force MSC Bhd, Heitech Padu Bhd and Cuscapi Bhd.
Other listed companies like Theta Edge Bhd.
Farhash owns a stake of 15.91% in HeiTech, 1.43% in Cuscapi and 0.95% in Excel Force via his private vehicle Rosetta Partners Sdn Bhd. He has another 0.89% stake in Excel Force directly under his name.
It is not uncommon for Malaysia’s sultans to own key shareholdings in Malaysian listed companies.
For example, Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has a stake of 9.91% each in Citaglobal Bhd and Microlink Solutions Bhd.
Meanwhile, His Majesty Sultan Ibrahim, King of Malaysia has a 17.34% equity interest in Redtone Digital Bhd and a 12.35% stake in Berjaya Assets Bhd.
His Majesty also owns almost a quarter of Berjaya Group’s telecommunication arm UMobile, which has become Malaysia’s third-largest mobile network operator after the Celcom-Digi merger.
Source: The Star
https://www.thestar.com.my/business/bus ... he-horizon
