FELDA becomes substantial shareholder of BHS Industries

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KUALA LUMPUR (Sept 9): Federal Land and Development Authority (FELDA) has emerged as a substantial shareholder in BHS Industries Bhd with an 11.1% stake.

In a filing with Bursa Malaysia today, BHS, which is engaged in the printing of magazines, school textbooks, general publications, directories and company annual reports, said that FELDA had acquired 8 million shares or a 11.1% stake in the company on Sept 5.

FELDA did not own any shares in BHS prior to the latest purchase.

For its fourth financial quarter ended June 30, 2014 (4QFY14) BHS reported a net profit of RM2.26 million on a revenue of RM9.94 million.

Meanwhile, full year net profit came in at RM11.13 million, on revenue of RM65.56 million. Its FY14 net profit had increased 54% from last year although revenue was largely flat.

BHS’ share price closed one sen higher at RM2.85 today, with a market capitalisation of RM205.5 million.