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Steppe Cement Biggest Shareholder Azmi Wan Hamzah Increases Stake

Tue, 15th Nov 2016 11:51

LONDON (Alliance News) - Kazakhstan-based construction materials producer Steppe Cement Ltd on Tuesday said Alwaha Fund Ltd has bought 975,000 shares in the company for an undisclosed amount.

Following this, Azmi Wan Hamzah, who holds interests in Steppe Cement through Alwaha Fund, Halfmoon Bay Capital Ltd, and Mango Bay Enterprises Ltd, has raised his shareholding to 62.8 million shares. This represents 29% of Steppe Cement's issued share capital.

Wan Hamzah is Steppe Cement's largest shareholder.

Shares in Steppe Cement were untraded on Tuesday afternoon, last quoted at 15.10 pence.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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