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Chinese billionaire takes another slice of Seadrill

The Chinese businessman and billionaire Tong Jinquan has bought another pile of shares in John Fredriksen's drilling company Seadrill.

Photo: Seadrill

The company Wealthy Fountain Holdings, which is owned by the Chinese business man and billionaire Tong Jinquan, has bought another bite of John Fredriksen's drilling company Seadrill.

In February of this year, the company acquired 1.3 million shares in Seadrill for USD 13.26 per share and after the transaction became the owner of about 21.3 million shares corresponding to approximately 4.33 percent of the company.

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