Off-Market Trades: Metronic Global Bhd, Media Prima Bhd, MRCB-Quill REIT, Eduspec Holdings Bhd

TheEdge Thu, Aug 29, 2019 02:00pm - 4 years View Original


NOTABLE off-market trades in the holiday-shortened four-day period under review included those at building management engineering solutions provider Metronic Global Bhd.

On Aug 8, a total of 1.9 million shares were crossed off market at 6 sen each, and a block of six million shares were sold at 6.5 sen apiece. According to a Bursa Malaysia filing, the block of six million shares was acquired by tycoon Tan Sri Lee Kim Yew for a total of RM390,000.

On Aug 9, a block of 90 million shares changed hands at 6.5 sen each, while 457,100 shares were transacted at 6 sen apiece. The buyer of the 90 million shares, for a total RM5.85 million, is likely to be Lee. The transaction price of 6.5 sen was at an 8.3% premium to Metronic’s closing price of 6 sen on that day.

On Aug 13, 12 million Metronic shares were crossed off market at 6.5 sen for a total of RM780,000. The buyers and sellers were not immediately known.

Lee, the founder and chairman of Country Heights Holdings Bhd, emerged as a substantial shareholder of Metronic in May after acquiring a 20.7% stake. He has since upped his stake to 27.95% as at Aug 13, and is Metronic’s largest shareholder.

Over at Media Prima Bhd, a block of 50 million shares, or a 4.5% stake, changed hands on Aug 8. The shares were transacted at 60 sen apiece — a 23.71% premium to Media Prima’s closing price of 48.5 sen on Aug 7 — for a total transaction value of RM30 million.

A Bursa Malaysia filing shows that Aurora Mulia Sdn Bhd, a private vehicle believed to be linked to tycoon Tan Sri Syed Mokhtar Albukhary, was the acquirer.

With the acquisition, Aurora Mulia now has 20.56% equity interest in Media Prima.

At property developer Titijaya Land Bhd, a total of 56.5 million, or 4.46% of its shares, crossed off market. A total of 40 million shares changed hands at 30 sen apiece on Aug 7, followed by 11.7 million shares on Aug 8, also at 30 sen apiece, and 4.8 million shares on Aug 9 at 29.5 sen apiece.

It is not immediately known who the buyers and sellers are.

Titijaya’s largest shareholder is managing director Tan Sri Lim Soon Peng. Tan Sri Khoo Chai Kaa, the founder of construction firm Brem Holding Bhd, has a 5.15% stake in Titijaya via his interest in Titi Kaya Sdn Bhd.

On Aug 13, 41.68 million Yinson Holdings Bhd shares, or a 3.68% stake, were crossed off market at RM7 apiece.

The buyers and sellers were not immediately known.

Yinson’s largest shareholder is founder and group executive chairman Lim Han Weng, who has a 25.23% stake in the company.

Over at MRCB-Quill REIT, a total of 28.17 million units, or a 2.63% stake, crossed off market on Aug 8 at RM1.08 apiece.

According to the group’s filing with Bursa Malaysia, the units were a transfer from Quill Estates Sdn Bhd and Quill Properties Sdn Bhd to Quill Land Sdn Bhd in connection with consolidation of investments.

Eduspec Holdings Bhd saw a total of 27.6 million shares, or a 2.5% stake, cross off market in several transactions during the period in review. The shares were transacted at 5 sen to 7 sen apiece.

Eduspec’s largest shareholders are Autonaire Sdn Bhd — a private vehicle linked to businessman Datuk Yeow Kheng Chew, better known as KC Yeow — which has a 8.23% stake, followed by Eduspec CEO Lim Een Hong with 7.9%.

 

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