Cuscapi sees 4.89% of its shares transacted in off-market trade

TheEdge Thu, Sep 05, 2019 07:44pm - 4 years View Original


KUALA LUMPUR (Sept 5): Cuscapi Bhd saw 42 million shares in the company, representing a 4.89% stake, traded in an off-market deal today.

Bloomberg data showed that the 42 million shares changed hands for RM7.56 million (18 sen a share) at 12:14 pm.

In a filing with Bursa Malaysia, Cuscapi said that its shareholder Rose Vision Sdn Bhd disposed of 42 million shares in the company, thus ceasing to be a substantial shareholder.

According to the group’s annual report for the year ended Dec 31, 2018 (FY18), Rose Vision is a vehicle for executive director Toe Teow Teck

As of Jan 25, the group's largest shareholders were Ultimate Quality Success Sdn Bhd (14.63% stake), Transight Systems Sdn Bhd (7.54% stake) and Aura Fokus Sdn Bhd (4.42%).

Cuscapi’s share price closed unchanged at 18 sen today, valuing the group at RM154.67 million.

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