Berjaya Assets sees 6.7% stake traded off market

KUALA LUMPUR (Sept 27): Berjaya Assets Bhd saw 80 million shares, representing a 6.7% stake in the company, traded off market today.

Bloomberg data showed that the shares were traded in five blocks, all of which changed hands at RM1 apiece or RM80 million in total.

The selling price represented a 14.5% or 17 sen discount to the counter's closing price of RM1.17 on the open market.

One block of 20.22 million shares, a block of 17 million shares, two blocks of 19 million shares each, and a block of 4.77 million shares crossed off market today.

All five transactions were done between 3.30pm and 4.30pm today.

Berjaya Assets is the developer of Berjaya Times Square in Kuala Lumpur, one of the country's largest retail and commercial projects. The group also owns Natural Avenue Sdn Bhd, which operates number forecast lotteries in Sarawak.

Year to date, shares of Berjaya Assets have risen 29%, giving it a market capitalisation of RM1.39 billion. — theedgemarkets.com

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