By Dominic Chopping
Oslo-listed Seadrill Ltd. (SDRL) said Monday that Tong Jinquan
has increased his stake in the company to 5.2% following a series
of acquisitions on 6th February.
Wealthy Fountain Holdings Inc, a company fully owned by Mr.
Jinquan, bought 1.3 million shares in the company at a price of
$13.26 a share.
After the transaction, Wealthy Fountain Holdings' ownership in
Seadrill reached 21,334,956 shares, being approximately 4.33% of
the issued share capital.
In addition, and on the same date, Skyline Horizon Consortium
Ltd held an interest of 1,111,028 (0.23%)shares, Starray Global
Limited held an interest of 400,000 (0.08%) and Tong Jinquan held
an interest of 2,775,000 (0.56%) shares.
Wealthy Fountain Holdings Inc, Skyline Horizon Consortium Ltd
and Starray Global Limited are all 100% owned by Shanghai Summit
Pte. Ltd. , which is 100% owned by Mr. Jinquan.
As a result, Tong Jinquan holds a total interest of 25,620,984
(5.2%) shares as the beneficiary owner.
At 0907 GMT shares traded 3% higher at NOK103.40.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
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