KUALA LUMPUR: Main Market-listed information and communications technology company Amtel Holdings Bhd saw 3.95 million shares representing 7.93% of the company, crossed off-market at a premium over the past two days.

Based on Bloomberg data tracking 300,000 shares or more, 2.4 million shares representing 4.82% of the company were transacted in a single block for a total of RM1.58 million or 66 sen apiece yesterday, compared with its last traded price of 63 sen on Oct 18 — its last market trade.

Parties involved in the transaction were not immediately known. Nonetheless, it is interesting to note that the number of shares traded matched the total stake held by Amtel’s fourth largest shareholder, Datuk Kuan Ah Hock who does not hold a directorship in Amtel.

However Kuan has been the deputy chairman of the Ace Market-listed bamboo flooring and furniture manufacturer, Kanger International Bhd, since May 2016.

On Tuesday, Amtel also saw 3.11% of its shares traded off-market in two tranches for an aggregate sum of RM1.03 million. The first block of 800,000 shares was traded at 65 sen apiece, followed by another block of 746,800 shares at 68 sen each.

The thinly-traded counter has a 200-day average trading volume of only 5,749 shares.