Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

KLK sees 3% stake transacted off market

TheEdge Sat, Oct 05, 2019 01:37am - 1 month ago


KUALA LUMPUR (Oct 4): Kuala Lumpur Kepong Bhd (KLK) saw 31.6 million shares, representing 2.97% of its share capital, transacted off market today.

The shares changed hands at RM21 per share, in 11 transactions, for a total value of RM664.33 million.

The counter fell RM1.54 or 6.76% to RM21.24 today, giving it a market capitalisation at RM22.6 billion.

The parties involved in the off market transactions are not known at the time of writing.

Earlier today, Bloomberg reported that an undisclosed institutional shareholder raised about RM663.6 million after selling 31.6 million KLK shares at RM21 each.

Meanwhile, Yinson Holdings Bhd also saw 23.1 million shares or 2.1% of its share capital transacted off market.

These shares were traded in a single transaction at RM7 each, for  a total value of RM161.7 million.

The buyers and sellers involved are not immediately known.

Yinson’s share price closed seven sen or 1% higher at RM6.68 today, for a market capitalisation of RM7.22 billion.

Another notable off-market trade today involved 3.96 million shares of Gopeng Bhd, equivalent to 1.5% of the group’s share capital.

It was done in a single transaction at 70 sen each, for  a total value of RM2.77 million.

Gopeng closed unchanged at 71 sen today, valuing the group at  RM191 million.








Related Stocks

GOPENG 0.685
KLK 22.040
YINSON 6.640

Comments

Login to comment.