Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Jan 15): Some 5.6 million shares, representing a 3% stake, in ceramic product manufacturer Goh Ban Huat Bhd (GBH) were traded off-market today.

Bloomberg data showed that the shares were traded in a single block at RM7.84 million, or RM1.40 per share — a discount of 6 sen or 4.11% a share to its last traded price of RM1.46 in the open market.

It is not immediately unclear who was involved in the transaction.

GBH is controlled by Paragon Adventure Sdn Bhd, which became the controlling shareholder in the group in September 2017 after acquiring a 51% stake from Tan Sri Robert Tan Hua Choon for RM145.71 million or RM1.40 a share.

On Jan 11, GBH announced that Paragon Adventure had sold a 4.82% stake in the group for RM12.6 million — also at RM1.40 per share — to bring down its stake to 62.9%.

Paragon Adventure is 65% controlled by Datuk Seri Edwin Tan Pei Seng and 35% by his brother, Datuk Seri Godwin Tan Pei Poh. They are the sons of Datuk Tan Eng Boon of Joland Group.

GBH’s share price closed unchanged at RM1.46 today, giving it a market capitalisation of RM272.51 million.

      Print
      Text Size
      Share