Written by Brudirect.com
Last Updated on Saturday, 02 January 2010 19:06
Saturday, 02 January 2010 18:18
Bandar Seri Begawan - Following the publication of our news item "Galfar Faces Bankruptcy" on December 25, 2009, we have been informed that the Oman-based shareholders of the troubled Brunei construction company, Galfar Pembinaan & Perusahaan (B) Sdn Bhd, have sold their shares and are no longer shareholders of the company.
Oman based legal firm, Hamad Al Sharji, Peter Mansour & Co says that their clients, Sheikh Salim Said Hamed Al Fannah Al Araimi, Dr Haji P Mohammed Ali and Legal Heirs of Late Mohamed Rashid Al Fannah Al Araimi have sold their shares "and have no longer been a shareholder in the said company".
"The transfer of the sold shares in the name of buyers was duly registered with the Registrar of Companies, Brunei," the lawyers said.
Original Bancruptcy news is the link,