KINIBIZ Fresh from rumours linking him to Eastland Equities recently, Mohd Nazifuddin Najib, son of prime minister Najib Abdul Razak, has emerged as a substantial shareholder in paints and coatings company SerSol Bhd.

His entry into SerSol Bhd follows the appointment of Mohamed Ridzuan Nor Mohammed, son of former minister Nor Mohammed Yakcop, as managing director of the company on Sept 3, 2013.

Based on a series of Bursa filings today, Nazifuddin along with Lim Kim Chai now indirectly hold a 20.76 percent stake in SerSol, via SerSol Holdings Sdn Bhd.

SerSol Holdings has 40 million shares or 20.76 percent in Sersol.

In a brief phone conversation Nazifuddin (right) told KiniBiz that he saw value in SerSol.

“There is good value in the company, I believe we can grow it…the paint business is a RM2 billion a year industry,” he said.

Nazifuddin added that SerSol may venture into the supplying of paint for seafaring vessels.

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