<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 19, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: G Reka Perunding Sdn Bhd has emerged as a substantial shareholder of Atta Global Group Bhd after acquiring 37.5 million shares or a 24.27% stake in the steel processing and trading company on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Atta said G Reka had purchased the shares at RM1 per share or a total of RM37.5 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The acquisition makes G Reka Atta’s second-largest shareholder after Tan Kim Hee, holding a 28.37% stake.</p></div>

<div class=newsTextDataWrapInner><p>Atta also saw 13.27 million shares, representing an 8.86% stake, in the company traded off-market yesterday for a total of RM13.69 million.</p></div>

<div class=newsTextDataWrapInner><p>Bloomberg data showed that the shares were traded in two blocks. The first block of 10.27 million shares crossed at RM1 per share at 3.42pm, while the second block of almost three million shares was traded at RM1.14 per share at 5.08pm.</p></div>

<div class=newsTextDataWrapInner><p>Both transaction prices represented premiums of 7% and 22% respectively to Atta shares’ closing price of 93.5 sen in the open market yesterday. Its market capitalisation stood at RM142.98 million.<br />
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KUALA LUMPUR: G Reka Perunding Sdn Bhd has emerged as a substantial shareholder of Atta Global Group Bhd after acquiring 37.5 million shares or a 24.27% stake in the steel processing and trading company on Tuesday.

In a filing with Bursa Malaysia yesterday, Atta said G Reka had purchase...

G Reka emerges as substantial shareholder of Atta Global

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