OCR Land buys 7.6% stake in Takaso

KUALA LUMPUR (Jan 23): Private property developer OCR Land Holdings Sdn Bhd had acquired today, 15 million shares or a 7.6% stake in Takaso Resources Bhd.

In a filing with Bursa Malaysia, Takaso (fundamental:1.25; valuation: 0.3) announced that OCR had acquired the shares today via direct business transaction, and raised its direct interest in Takaso to 13.88% or 27.5 million shares.

A separate filing showed that Ong Kah Hoe is a substantial shareholder of OCR Land, and is a deemed interested party in the transaction.

Following the transaction by OCR, Ong is deemed to own a total of 19.05% indirect interest or 37.74 million shares in Takaso, on top of a 9.4% direct interest or 18.63 million shares in the baby products and condoms manufacturer.

Takaso rose 6.5 sen or 10% to close at 71.5 sen today, giving it a market capitalisation of RM141.62 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. Go to for more details on a company's financial dashboard.)

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.