BETWEEN Oct 21 and 25, notable shareholding adjustments in firms indexed on Bursa Malaysia integrated that at Eco International Building Workforce Bhd, which noticed an off-market disposal of 276.99 million stocks, or a 9.4% stake, by means of government director Liew Tian Xiong on Oct 22.
The stocks have been purchased by means of his father, Tan Sri Liew Kee Sin, at 46.6 sen apiece, or RM129.08 million in general. The disposal by means of Tian Xiong used to be for “circle of relatives property making plans” functions, the corporate says in a submitting.
At the day of the transaction, the counter closed at 67 sen. Finally Tuesday’s shut of 65 sen, EcoWorld’s marketplace capitalisation used to be RM1.914 billion. 12 months up to now, the inventory has retreated 28.6%.
Publish-acquisition, Kee Sin owns 9.407% fairness pastime immediately and is deemed involved in an extra 5.77%. Tian Xiong keeps 225.78 million stocks or a 7.67% stake.
Over at loss-making planter TH Plantations Bhd, the Workers Provident Fund pared its stake by means of 2.36 million stocks between Oct 16 and 18, in line with filings.
The transactions left the EPF with 57.76 million stocks, or a 6.54% stake, as at Oct 23. The provident fund had begun the yr with 61.62 million stocks or 6.97% fairness pastime. Over the last twelve months, TH Plantations has misplaced 40.35% of its marketplace price.
The EPF stays the second one greatest shareholder of TH Plantations, which is 73.84%-controlled by means of Lembaga Tabung Haji.
PUC Bhd’s percentage worth has declined 42.86% over the last twelve months. Finally Tuesday’s shut of six sen, the media making plans, advisory and social media answers company used to be valued at RM135.21 million.
On Oct 18, its largest shareholder, RedHot Media Global Ltd, bought 60 million stocks, or a 2.67% stake, at the open marketplace. It retained 309.14 million stocks or 13.72% fairness pastime after the sale.
RedHot Media is the car of team managing director Cheong Chia Chou, a Singaporean who used to be appointed to the submit in April 2016.
Within the first part of its monetary yr finishing Dec 31, 2019 (FY2019), the corporate noticed its unaudited web benefit develop 65% y-o-y to RM4.41 million, even supposing its income slipped 4.9% to RM30.Five million.
It attributed the upper benefit to a write-back of RM3.93 million in impairment on business receivables prior to now recognised.
An Oct 23 submitting displays that Datuk Seri Sulaiman Abdul Rahman Taib bought 180,000 Cahya Mata Sarawak Bhd (CMS) stocks at the open marketplace on Oct 18 and 22.
The purchases bumped up his keeping to 101.61 million stocks or a 9.47% stake. Previous filings expose that Sulaiman has been collecting the corporate’s stocks in fresh months. As at end-Would possibly, his keeping stood at 83.Five million stocks or simply below 8% fairness pastime.
Sulaiman’s acquisitions have sparked communicate that he might be in search of a comeback to the corporate’s board. Early remaining month, his brother-in-law, Datuk Syed Ahmad Alwee Alsree, retired as government director after 15 years at the board. Workforce CEO (company) Datuk Isaac Lugun used to be appointed team managing director.
Over the last 12 months, CMS’ percentage worth has declined 13.5%. The counter closed at RM2.35 remaining Tuesday, 36% less than its remaining height worth of RM3.68 in mid-April.
The EPF pared its stake in Inari Amertron Bhd by means of 10.09 million stocks between Oct 16 and 21. It nonetheless holds 209.37 million stocks or a 6.58% stake after the sale.
Filings additionally display that non-executive director Datuk Seri Thong Kok Khee bought 1.15 million stocks at the open marketplace. Thong keeps 3.03 million stocks or a zero.095% stake immediately and some other 19.15% in oblique pastime.
Ultimate Tuesday, Inari Amertron closed at RM2.01, having risen 52.27% from its low of RM1.32 on Would possibly 23.