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Ecobuilt sees 5.5% stake traded off-market

TheEdge Fri, Jun 07, 2019 09:37pm - 8 months ago

KUALA LUMPUR (June 7): Ecobuilt Holdings Bhd, formerly known as M-Mode Bhd, saw some 8.96 million shares crossed off-market today. 

This represents 5.51% of the company's total share capital of 162.71 million.

According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in two blocks, worth a total of RM1.88 million.

The transactions were carried out at 21 sen a share. 

It is not immediately known as to whom the parties involved in the transaction are.

According to its website, the company is involved in civil and structural engineering, property, infrastructure and digital media.

Ecobuilt most recently posted a net loss of RM264,000 in its third quarter ended Feb 28, 2019 (3QFY19), versus a net profit of RM1.52 million last year, due to retirement gratuity paid to personnel in contents and value added services division, and higher construction costs in its PV Bukit OUG project. 

Its quarterly revenue was, however, up 61.97% to RM18.92 million, from RM11.68 million a year ago.

Shares of Ecobuilt closed unchanged at 21 sen today, valuing the company at RM34.17 million. The stock, over the past year, fell 26.32% from 28.5 sen.

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