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Kenanga Yield Enhancement Fund has ceased to be a substantial shareholder of Omesti Bhd (KL:OMESTI) after the disposal of a hefty chunk in the ICT firm.
The fund sold 201.92 million shares, equivalent to a near 8.7% stake, on March 13, slashing its stake to below the 5% disclosure threshold, according to a bourse filing on Wednesday. It is now left with eight million shares or a 0.34% stake.
Omesti Bhd has secured a regulatory mandate that is set to provide earnings visibility over the medium term, following the designation of its indirect subsidiary as a universal service provider for education connectivity projects.
PETALING JAYA: Omesti Bhd has secured a regulatory mandate that is set to provide earnings visibility over the medium term, following the designation of its indirect subsidiary as a universal service provider for education connectivity projects.
Omesti Bhd (KL:OMESTI) has secured a contract worth up to RM43.1 million to provide WiFi network facility services at education institutions under Majlis Amanah Rakyat (Mara).
The ICT firm’s unit, Ohana Communications Sdn Bhd, was designated the universal service provider for Mara education institutions by the Malaysian Communications and Multimedia Commission (MCMC) under the Universal Service Provision initiative, according to a bourse filing on Tuesday.
theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Three showed positive momentum, while another four showed negative momentum.
Notable filings
From Dec 29 to Jan 2, notable filings included those at Citaglobal Bhd (KL:CITAGLB) that saw Dedap Rimbun Sdn Bhd emerge as a substantial shareholder with 42.105 million shares or a 9.003% stake on Dec 30. The shares were the consideration for the full...
Teguh Sedaya Sdn Bhd has become ICT firm Omesti Bhd’s (KL:OMESTI) largest shareholder after acquiring an additional 8.5% stake following its recent balance sheet cleanup.