KUALA LUMPUR: Transocean Holdings Bhd’s share price hit limit-up in early trade Thursday to its highest in six weeks.

       The logistics solution provider surged 29.76%, or 86 sen to RM3.75, its highest since Sept 28 at 9.10am. Year-to-date, it has risen over 380%.

       Tan Sri Surin Upatkoon has emerged as the second largest shareholder in Transocean with an 18.43% stake.

       Surin has acquired 100% equity interest in Microplus Elite Sdn Bhd (ME) of which ME currently is a substantial shareholder of Transocean.

       He is deemed to have an indirect interest in shares of Transocean by virtue of Section 8(4) of the Companies Act 2016 held through ME.

       In the first six months to June 30, Transocean returned to the black with a net profit of RM117,000 against a net loss of RM578,000 a year ago.

       Its revenue grew 20% to RM9.3mil in the first half from RM7.78mil a year prior.