The Kuala Lumpur-listed shipowner responded to a story on theissue in The Edge daily, saying that “after due enquiry with the majorshareholder concerned”, it could confirm Tan was holding talks with other parties with a view to divesting his stock.

The Edge said domestic oil and gas servicescompany Efogen could buy the 19.13% slice.

Efogen was the company Tan was trying totake over earlier this year, to move PDZ more into the offshore sector.