KUALA LUMPUR (July 31): Cocoaland Holdings Bhd's independent non-executive director Tan Sri Koh Kin Lip plans to deal in the securities of the company ahead of the release of its second-quarter results ended June 30, 2017 (2QFY17).

In a filing with Bursa Malaysia today, Cocoaland said Koh has given notice of his intention to deal in the securities of the company during the closed period.

Koh, 68, was appointed to the board of directors of Cocoaland on Jan 15, 2010. He currently holds 3.32 million shares or a 1.45% direct stake and 3.33 million shares or a 1.46% indirect stake in Cocoaland.

Cocoaland shares closed 4 sen or 1.29% higher at RM3.14 today, with 248,300 shares done, bringing a market capitalisation of RM718.43 million.