NewTimeSpace News:ATLANTIC NAVIGATION HLDG(S)LTD released an announcement on 4 March 2026, disclosing the key details of its shareholding change. According to the announcement, Saeed Investment acquired 130 million shares of the company from Wong Siew Cheong, Bill, the founder, Executive Director and Chief Executive Officer of ATLANTIC NAVIGATION, through a secondary market transaction on 3 March. Following this transaction, Saeed Investment’s deemed interest in ATLANTIC NAVIGATION surged from 50.2% to 75.1%, further consolidating its shareholding position.

It is learnt that Saeed Investment is controlled by Kum Soh Har, Michael, the Non-Executive Chairman of the company, and this increase in stake constitutes a follow-on investment by Saeed Investment. In the meantime, Mr Wong’s direct shareholding ratio dropped from 31.8% to 7.0%, while he still holds a deemed interest of 6.4% in the company. He will continue to serve as the company’s Executive Director and Chief Executive Officer, providing management support for the Group.

ATLANTIC NAVIGATION HLDG(S)LTD stated that this increase in stake reflects Saeed Investment’s confidence in the development prospects of the offshore oil and gas sector, as well as in the governance and management capabilities of ATLANTIC NAVIGATION.

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