KUALA LUMPUR (Sept 6): A total of 25.5 million shares or 3.7% of Yong Tai Bhd changed hands in a series of off-market trades yesterday.
According to Bloomberg, the 25.5 million shares worth RM5.99 million or 23.5 sen apiece were traded in four blocks.
The 23.5 sen price represents a premium of four sen or 20.51% to Yong Tai’s closing price of 19.5 sen yesterday. The identities of those who participated in the trades were as at press time unknown.
As of June 11, 2019, the group’s largest shareholders were chief executive officer (CEO) and executive director Datuk Wira Boo Kuang Loon, who owned 21.77%; executive director Datuk Seri Lee Ee Hoe at 4.49%; and Full Winning Development Ltd at 21.77%.
Yong Tai closed half a sen lower at 19.5 sen yesterday, giving the group a market capitalisation of RM134.4 million. Some 1.67 million shares changed hands.
This article first appeared in The Edge Financial Daily, on Sept 6, 2019.