FROM April 9 to 13, notable filings included one from D&O Green Technologies Bhd, which said that Lim Thian Soo had disposed of 10 million shares via a married deal. His direct stake in the company has been reduced to 0.52% or 5.34 million shares while his indirect stake is maintained at 5.66%, or 62.36 million shares.
The technology counter rounded off the financial year ended Dec 31, 2017, with a net profit of RM22.37 million, nearly double the previous year’s RM11.27 million.
Elsewhere, the company says it is confident of being appointed by Proton Holdings Bhd to supply automotive light-emitting diode (LED) by the end of this year. This is because D&O supplies LED to AB Volvo, in which China’s Geely Holding Group Co Ltd has an 8.2% stake and 15.6% voting rights. Last year, Geely acquired a 49.9% stake in Proton.
Over at ACE Market-listed technology company MMAG Holdings Bhd, Grandstead Sdn Bhd emerged as the largest shareholder after it purchased 95 million shares or 20.85% equity interest.
Lim Siew Eng and Lim Siew Ping are related parties in Grandstead.
According to Bursa Malaysia filings, the shares were purchased over the course of the week in review in three transactions on the open market.
Between April 9 and 16, MMAG’s share price surged 56.25%, from 16 sen to 25 sen apiece.
In another technology company Nexgram Holdings Bhd, Menang Harmoni Sdn Bhd ceased to be a substantial shareholder after it disposed of 20 million shares.
On April 13, Nexgram announced that it had teamed up with China’s Shanghai Zhida Science and Technology Development Co Ltd to jointly distribute charging products and services for electric vehicles (EV) in Southeast Asia.
Meanwhile, Opcom Holdings Bhd saw substantial shareholder Datuk Seri Mukhriz Mahathir paring his stake by 1.32 million shares to 23.28% or 37.54 million shares.
Notably, Mukhriz has been paring down his stake in the producer of fibre-optic cables since the beginning of the year.
Over at Vertice Bhd, Vista Lestari Development Sdn Bhd disposed of 24.93 million shares, reducing its stake to 17.17%. Vista Lestari is linked to Datuk Zarul Ahmad Zulkifli, who resigned as its chairman on Feb 13.
Caely Holdings Bhd’s share price surged 48.5% from 81.5 sen to RM1.21 per share between March 29 and April 16. But the share price increase was short-lived and the counter fell 19.4% to close at 97.5 sen on April 17.
At lingerie manufacturer Caely, Ni Hsin Resources Bhd increased its stake by 3.87 million shares on April 6 to emerge as a substantial shareholder. The stainless steel multi-ply cookware manufacturer’s equity interest in the company increased to 12.1% or 9.68 million shares.
Following this, Lai Kian Huat appointed as a non-independent non-executive director.
Over at Sapura Energy Bhd, the downward trend of its share price has been broken. The counter gained 53% from 50 sen to 76.5 sen between April 6 and 16.
During the week in review, substantial shareholder Employees Provident Fund (EPF) sold 11.4 million shares in the company, reducing its stake to 6.21% or 372.1 million shares.
Meanwhile, pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) pared its indirect stake in the company by 157,000 shares to 430.85 million shares or 0.84% equity interest.