KUALA LUMPUR (April 20): Frozen Asian food delicacies manufacturer Kawan Food Bhd saw 6.11 million shares or a 3.33% stake in the firm traded off market today, at a total value of RM10.99 million.

According to Bloomberg data, Kawan Food’s (fundamental: 3.0; valuation: 1.1) shares were moved in seven blocks of various sizes at RM1.80 per share.

However, it is not immediately known as to whom the parties involved in the transactions were.

In a filing with Bursa Malaysia last Monday (April 13), the company said its founder and executive chairman Gan Thiam Chai, who is also its biggest shareholder, had disposed of some 3.54 million shares on April 8, also at RM1.80 apiece.

As at April 13, Thiam Chai still has a 30.84% stake now, while two other major shareholders Goshenite Ltd and Gan Thiam Hock have a 23.69% stake and 8.29% stake respectively.

Kawan Food rose 2 sen or 1.06% to close at RM1.91 today, with a total of 148,000 shares done, for a market capitalisation of RM350 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. )