KUALA LUMPUR (Sept 3): Ladies undergarment manufacturer Caely Holdings Bhd saw 3.3 million shares, or 4.08% of the group's 80.92 million shares, crossed off-market today.

According to Bloomberg data, the shares were transacted in three blocks worth a total of RM4.06 million.

The transactions were carried out at RM1.23 per share, which is at a 4.24% premium to its open market closing price of RM1.18.

The parties involved in the transaction are not immediately known.

Last week, Caely's filing to Bursa Malaysia showed that Penang-based businessman Datuk Seri Goh Choon Kim has emerged as its substantial shareholder.

Goh bought 1.7 million Caely shares on Aug 27, which gave him a total holding of 5.33 million shares, representing a substantial 6.59% stake in the group.

Goh is the chairman of GTM Property, which has interests in property development, as well as hospitality and leisure.

In April, Caely notified Bursa Malaysia of a series of acquisition of its shares by stainless steel multi-ply cookware manufacturer Ni Hsin Resources Bhd.

Ni Hsin's acquisitions totalled 14.79 million shares, representing an 18.49% direct stake in Caely.

Shares of Caely closed five sen or 4.07% lower at RM1.18 today, valuing the group at RM95.49 million. Over the past year, the counter has risen by 177.65% from 42.5 sen.