King buys stake in mining firm expanding into rare earths
Photo: Free Malaysia Today
Sultan Ibrahim bought a 2.25% stake in Singapore-listed Southern Alliance Mining for S$6.1 million, or about RM19.45 million.
From the original report
He acquired the shares from the firm’s managing director Pek Kok Sam at S$0.425 each, almost a 12% premium to Monday’s closing price, the company said.
Shares of Southern Alliance Mining rose 10.5% to S$0.42 in Singapore early today.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Free Malaysia Today
Free Malaysia Today
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About this story
- Source
- Free Malaysia Today
- Originally published
- Oct 13, 2026
- Updated here
- Oct 13, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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