Malaysia’s King Takes Stake in Southern Alliance Mining as Group Deepens Rare Earth Push

Southern Alliance Mining has announced that His Majesty Yang di-Pertuan Agong Sultan Ibrahim, the Sultan of Johor and Malaysia’s monarch ...

Latest in More Real Estate Drive Watchlist For You Events Find clarity in the chaos.

Subscribe now and save 70% SUBSCRIBE FROM $0.99/WEEK Digital access Digital + home delivery TSX 0.9 % S&P 500 -0.02 % DOW -0.35 % NASDAQ -0.15 % Oil 1.45 % Dollar 0.02 % Gold -0.42 % tsx movers: CNQ-T + 4.79 % TD-T + 2.22 % ENB-T + 1.56 % T-T + 2.9 % This section contains press releases and other materials from third parties (including paid content).

The Globe and Mail has not reviewed this content.

Malaysia’s King Takes Stake in Southern Alliance Mining as Group Deepens Rare Earth Push Tipranks - Tipranks - Tue Oct 13, 10:38AM CDT Southern Alliance Mining has announced that His Majesty Yang di-Pertuan Agong Sultan Ibrahim, the Sultan of Johor and Malaysia’s monarch, has acquired a 2.25% stake in the company via an off-market deal with managing director and controlling shareholder Dato’ Sri Pek Kok Sam.

The transaction, involving 14.33 million shares at S$0.425 each, was executed at an 11.84% premium to the market price and does not involve the company itself, leaving Pek Kok Sam with a majority stake and control intact.

The company stresses that the share transfer brings no change to its board, management or strategic direction, but represents a symbolic milestone given its long-established mining presence in Johor.

The move comes as Southern Alliance Mining accelerates its strategic diversification into rare earth elements through its 40% interest in MCRE and the proposed acquisition of Paramount Synergy, underscoring its ambitions to deepen exposure to critical minerals amid rising global demand.

is a Malaysian mining group listed on the Catalist board of the Singapore Exchange, operating established iron ore assets and conducting gold exploration in Johor.