SMTrack sees 8% stake crossed off-market

TheEdge Fri, Jan 10, 2020 10:54am - 4 years View Original


KUALA LUMPUR: SMTrack Bhd, which provides track and trace solutions using radio frequency identification, saw 8% of its shares traded off-market yesterday.

According to Bloomberg, 13.38 million of the group’s shares were traded in two tranches for 5.2 sen apiece. The transacted price represented a 48% discount over the stock’s closing price of 10 sen yesterday.

The identities of those who participated in the trade are currently unknown.

According to SMTrack’s annual report 2019, its executive director Datuk Tan Choon Hwa was the company’s largest shareholder a 17.66% as at Oct 31, 2019.

SMTrack shares closed unchanged at 10 sen yesterday, giving it a market capitalisation of RM17.67 million. The counter saw 369,800 shares done.

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