This article first appeared in The Edge Financial Daily on December 12, 2017
KUALA LUMPUR: Boon Koon Group Bhd saw 25.04 million shares, or an 8.74% stake, in the firm, crossed off-market yesterday for a total of RM8.39 million.
Bloomberg data showed the shares were traded in a single block at 33.5 sen per share — a 31.6% discount to its closing price of 49 sen on the open market yesterday. It is not immediately known as to who the parties involved in the transactions are.