Mulpha Land sees 4.8% stake cross off-market

KUALA LUMPUR (March 4): Property developer Mulpha Land Bhd saw 10.95 million shares, which represents 4.8% stake in its overall outstanding shares, traded off-market today.

According to Bloomberg data, the shares were transacted in three blocks for a total of RM5.07 million or between 45 sen and 47 sen a piece.

It is not known as to whom the parties involved in the transaction were, at press time.

Mulpha Land (fundamental: 1.3; valuation: 2.4) inched up half sen or 1.03% to close at 49 sen today, valuing it at RM111.87 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.)