Tuesday 16 Apr 2024
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KUALA LUMPUR (Jan 31): Idimension Consolidated Bhd managing director Daniel Boo Hui Siong has bought a 5.15% stake in TFP Solutions Bhd.

In a filing with Bursa Malaysia, TFP Solutions said the stake, comprising 10.5 million shares, was acquired via an off market transaction yesterday

The shares were most likely acquired from former TFP Solutions managing director Quah Tek Jin, who sold 10.5 million shares in the company in an off market transaction yesterday.

Information technology (IT) company TFP Solutions provides business management solutions and converged infrastructure solutions.

Idimension, which is a Guidance Note 3 (GN3) company, is also in the IT solutions business.

The company became an affected issuer in October last year, after its auditors expressed an adverse opinion on its financial statements for the financial period ended June 30, 2018 (FY18).

TFP Solutions shares closed down 0.5 sen (5.3%) at 9 sen today, for a market capitalisation of RM18.35 million.

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