IPOH-based pre-cast concrete manufacturer Leweko Resources Bhd saw 162.47 million shares, or a 50.47% stake, change hands on June 28.

On the same day, filings with Bursa Malaysia show that Rengit Capital Sdn Bhd had launched an unconditional mandatory takeover offer for the shares and warrants that it does not own in Leweko at 18 sen per share and one sen per warrant.

Rengit Capital followed up with agreements with several shareholders of Leweko to acquire 162.47 million shares and 93.75 million warrants.

Leweko founder and managing director Datuk Leong Wei Kong sold 97.7 million shares, or a 30.35% stake, in the company, along with 32.5 million warrants to Rengit Capital.

The remaining shares and warrants were acquired from other stakeholders, namely Datin Yip Fong Ngoh, Abd Aziz Jantan, Banding Wangsa Sdn Bhd, Western Progress Sdn Bhd, Chong Weng Shin and Exact Fortune Sdn Bhd.

The directors of Rengit Capital are Kor Beng and his wife, Kwan Yet Ming.

Over at property development and property investment company Lien Hoe Corp Bhd, which operates Hotel Armada in Petaling Jaya, 108.54 million shares, or a 32.65% stake, were crossed off market.

On July 2, Lien Hoe managing director and its largest shareholder, Datuk Yap Sing Hock, transferred the block of shares to Christine Holding Sdn Bhd at 25 sen apiece, or RM27.14 million in total.

A search on the company revealed that Yap is the sole director and shareholder of Christine Holding.

Media Prima Bhd saw 123.02 million shares, or an 11.09% stake, change hands on July 2.

The Edge Financial Daily reported, quoting sources, that tycoon Tan Sri Syed Mokhtar AlBukhary bought shares from Umno. In a July 4 filling to Bursa, Media Prima announced that Aurora Mulia Sdn Bhd, a company linked to Syed Mokhtar’s son, Syed Danial Syed Mokhtar Shah, was the acquirer of the stake.

Syed Mokhtar owns equity interest in Utusan Melayu (M) Bhd and The Malaysian Reserve.

The daily also reported that Umno still has a 7.96% stake in Media Prima after the sale. The stake is held through Altima Inc, the fourth biggest shareholder in the media group, which has presence across newspaper, TV and radio in three languages.

It is not known if Umno has plans to sell off the remaining shares to Syed Mokhtar.

Over at beleaguered flight training school operator APFT Bhd,  66.47 million shares, or a 4.95% stake, were crossed offmarket.

Former substantial shareholder Liau Chee Kiong sold 65 million shares in a direct deal at 0.5 sen apiece, or RM325,000 in total, on June 26, according to Bursa fillings.

SMTrack Bhd saw 6.47 million shares, or a 4.34% stake, change hands during the period under review.

At press time, it was not known who the buyers and sellers of the shares were. The shares were transacted at prices ranging from 10 sen to 21.5 sen.

On July 3, SMTrack announced that it was acquiring 60% equity interest in Dexma Express Sdn Bhd from Alvin Heng Jee Shi for RM2.8 million. Dexma Express is the official general sales agent of Indonesian low-cost carrier Citilink.

The rationale of the acquisition is to explore the potential investment from SMTrack into Citilink’s upcoming operation in Malaysia.

Jewellery retailer DeGem Bhd saw five million shares, or a 3.8% stake, traded off market. According to fillings, DeGem chairman Datuk Hasan M Taib bought the shares at 95 sen apiece on June 26, at a 6.9% discount to DeGem’s last trading price of RM1.02, or RM4.75 million in total.

With the acquisition, Hasan has an 8.56% stake in DeGem.