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3.76% Johore Tin stake traded

TheEdge Fri, Sep 06, 2019 10:41am - 10 months ago

KUALA LUMPUR: Johore Tin Bhd saw 3.76% of its shares traded off-market yesterday.

Bloomberg data showed that the block of 7.48 million shares worth RM10.48 million, or RM1.40 a share, was traded at 3.11pm yesterday.

This represents a premium of two sen or 1.45% to the counter’s closing price of RM1.38 yesterday.

As at press time, the identities of the buyer and seller of the off-market deal was not known.

As of Aug 30, Johore Tin’s largest shareholders were executive director Ng Keng Hoe (a 13.09% stake), chief executive officer Edward Goh Swee Wang (7.6%) and executive director Goh Mia Kwong (11.47%).

The stock closed at RM1.38 yesterday, valuing Johore Tin at RM428.45 million.

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