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CAP (5229) - Notable Trade - Imaspro, RCE Cap and CAP see RM29.89m shares cross off-market

March 20, 2015 : 8:36 PM MYT  

KUALA LUMPUR (March 20): Imaspro Corp Bhd  saw 3.53 million shares or 4.41% stake crossed off-market today, for RM6 million.

The transaction was done in two blocks at RM1.7 apiece; the first block of 880,000 was sold for RM1.496 million, while the second block of 2.6 million shares was done at RM4.505 million.

But it is not immediately known whom the parties in the transactions were.

Imaspro (fundamental: 1.45; valuation: 0.6) is principally involved in the manufacturing and distribution of pesticides, as well as related agrochemicals.

Yesterday, the company also saw some 1.76 million shares or 1.51% stake crossed off-market for RM2.98 million.

As at Sept 30 last year, its substantial shareholders were Swiss Revenue Sdn Bhd-controlled 42.43% stake, Sunbina Dunia Sdn Bhd's 23.90% and Lembaga Tabung Haji 5.71%.

It closed unchanged at RM1.60 today, giving it a market capitalisation of RM128.8 million.

RCE Capital Bhd  (fundamental:1.4; valuation:1.8) saw 55.15 million shares, representing 4.41% stake in the company, crossed off-market at 32 sen apiece today.

The transactions were done in two blocks: one block of 42 million shares at RM13.44 million, and a second block of 13.15 million shares for RM4.21 million.

RCE is principally involved in the provision of general loan financing services.

As at July 31 last year, its substantial shareholders were Cempaka Empayar Sdn Bhd with 44.78%, and Aras Kreatif Sdn Bhd held 8.58%.

Its shares gained 1.5 sen or 4.84% to close at 32.5 sen, giving it a market capitalisation of RM396.98 million. 

Meanwhile, automobile chassis components manufacturer China Automobile Parts Holdings Ltd (fundamental: 1.95; valuation: 1.8) saw 24 million or 4% of the company’s stake traded off-market today at 26 sen apiece.

According to Bloomberg data, the transaction was done in one block for RM6.24 million. 

Its substantial shareholders as at April 31 last year were Guotai International Holdings Ltd with 30.63%, followed by China Automobile Parts (BVI) Co Ltd with 14.71% and Bridge Global Growth Fund with 10%.

However, its latest filing to Bursa on March 3 showed GuoTai International Holdings Ltd has trimmed its stake to 25.63% stake or 153.75 million shares. 

It closed one sen or 3.33% higher at 31 sen, giving it a market capitalisation of RM180 million.

http://www.theedgemarkets.com
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