BCM Alliance buys 12% stake of Sanichi

TheStar Mon, May 03, 2021 01:07pm - 2 months ago View Original

KUALA LUMPUR: BCM Alliance Bhd has emerged as a substantial shareholder in Sanichi Technology Bhd after the purchase of 24.56 million shares last Wednesday.

A filing with Bursa Malaysia on Monday showed BCM Alliance acquired the 12.15% stake from the open market.

BCM Alliance distributes medical devices and commercial laundry equipment, Sanichi is involved in n the research, design, development, fabrication, repair, and modification of precision moulds and tooling in Malaysia.

Meanwhile, a filing last Friday showed MNC Wireless Bhd had disposed of 25.98 million BCM Alliance shares in the open market last Wednesday.

Following the disposal of the stake, MNC Wireless ceased to be a substantial shareholder in BCM Alliance.

At midday on Monday, BCM share price was flat at 19 sen while Sanichi and MNC shed 0.5 sen each to 27 sen and four sen.

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