Notable filings

BETWEEN Dec 7 and 14, notable shareholding changes in companies listed on Bursa Malaysia included that at ACME Holdings Bhd, a Kedah-based plastic components manufacturer and Penang-based property developer.

A Dec 14 filing shows that Supptech Holdings Sdn Bhd divested 10 million shares, or a 4.3% direct stake, in ACME on Dec 11.

Penang-based Supptech — co-owned by group executive chairman Datuk Seri Dr Lee Kuang Shing, former executive director Datin Seri Tan Siew Hong and their daughter Khaw Hooi Huang — remains a substantial shareholder of ACME with a 6.8% stake.

The buyer is likely to be Nada Wangi Sdn Bhd, which mopped up 10 million shares on the same day, raising its direct stake in ACME to 31.7%. Nada Wangi is jointly owned by group executive director Ooi Soon Hong and Husalmi Suhaini Shaikh Hussain.

The off-market transaction was done at 30 sen apiece, at a slight premium of 3.4% to the closing price of 29 sen on that day.

Meanwhile, Asia 4D Holdings Ltd, an offshore company incorporated in the Cayman Islands, is no longer a substantial shareholder of Magnum Bhd after disposing of 8.95 million shares, or a 0.62% stake, in the number forecast operator.

A quick check on Bursa Malaysia’s website shows that the shares were sold through a private placement. Asia 4D Holdings still has 70 million shares or a 4.92% stake in Magnum.

Neither the transaction price nor the buyer was known at press time.

Meanwhile, HNG Capital Sdn Bhd disposed of 4.94 million shares, or a 1.55% stake, in Sarawak Cable Bhd on the open market on Dec 12.

Penang-based HNG Capital, which is co-owned by group director Tan Sri H’ng Bok San, Datuk H’ng Chun Hsiang and Datin H’ng Hsieh Ling, still owns 31.35 million shares, or a 9.89% direct stake, in Sarawak Cable.

The buyer and transaction price were not known at press time.

Over at Silver Ridge Holdings Bhd, Jonathan Chong Teik Cheh emerged as a substantial shareholder with a 13.41% direct stake after acquiring 12.38 million shares, or a 9.1% stake, via a private placement on Dec 10.

At Sino Hua-An International Bhd, the first China-based company to be listed on Bursa Malaysia, Chinese national Liu Guo Dong divested 54 million shares or a 4.8% stake on Dec 5.

Liu, the managing director of Sino Hua-An, still owns 124 million shares, or an 11.04% direct stake, in the metallurgical coke producer.
 

Notable movements

Rohas Tecnic Bhd has lost half its share value year to date. It closed at 74.5 sen last Wednesday for a market capitalisation of RM352.1 million, plunging from a 52-week high of RM1.58 on Jan 9.

London-based Prudential plc has surfaced as a substantial shareholder in the company after acquiring 24.886 million shares or a 5.265% stake on Dec 3. 

In March last year, Rohas Tecnic, formerly Tecnic Group Bhd, acquired REI Group, whose core business is the fabrication of steel lattice towers and monopoles for power transmission and telecommunications, supported by its in-house design and installation capabilities.

Datasonic Group Bhd’s share price nosedived 71% from a 52-week high of RM1.30 on Jan 9 to close at 38 sen last Wednesday. The company, which is involved in ICT solutions, including smart card personalisation, is currently valued at RM513 million.

A Bursa Malaysia filing shows that Datasonic executive director Handrianov Putra Abu Hanifah sold his entire 2.013 million shares, or a 0.15% stake, on the open market on Dec 7 and 10.

On Dec 7, 1.013 million shares were transacted at 42.7 sen apiece and on Dec 10, one million shares were sold at 42.3 sen apiece, representing a slight discount of 1.8% and 0.5% respectively to the closing price of 43.5 sen and 42.5 sen on those days.