Country View's ED Law ups stake in group via off-market trades

KUALA LUMPUR (March 4): Country View Bhd saw its executive director Law Kit Tat increase his stake to almost 20% of the group’s overall share capital today, after he acquired an additional 3.84% equity interest outside trading hours.

Bloomberg data showed the off-market purchases were done in three blocks, all at the price of RM2.63 per share, valuing the deals at a total RM10.1 million.

According to the property developer’s filing with Bursa Malaysia today, subsequent to the shares purchase, Law now has a 0.99% direct stake and an 18.99% indirect stake in the group.

Country View (fundamental: 2.6; valuation: 1.8) was not traded in the open market today, and its share price was unchanged at RM2.63, giving it a market capitalisation of RM263 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)