KUALA LUMPUR (March 19): Wellcall Holdings Bhd saw 5 million shares, representing a 1.51% stake in the company, crossed off market today.

According to Bloomberg data, the shares were moved in one block at RM2 apiece, for a total value of RM10 million.

It is not immediately known as to who the parties involved in the trades were.

Wellcall (fundamental: 3; valuation: 2.1) is an Ipoh-based hose manufacturer.

It was featured as Insider Asia's stock of the day on Jan 7 this year.

According to the company's latest annual report, as at Dec 31 last year, its substantial shareholders were Maximum Perspective Sdn Bhd with 11.03% stake, followed by Mondrian Investment Partners Ltd's 9.94%, and the company's executive director (ED) Chew Chee Chek with a 6.51% stake.

On March 2 this year, the company announced Chew had stepped down as ED due to personal health reasons. He was appointed to the board on April 17, 2006.

His resignation took effect from Feb 27.

He then ceased to be a substantial shareholder in the company on March 3, after disposing 6.25 million shares or 1.88% stake. Following that, he should still control some 4.68% stake in the company.

The stock was traded as low as RM1.35 on Dec 15 last year, before it rose to its closing price of RM1.99 today. It was closed unchanged, giving it a market capitalisation of RM656.70 million.

MSC-status company Asion Bhd also saw 3.99% or 4.5 million shares crossed off-market today at 45 sen apiece, for a total value of RM2.02 million.

Asdion provides integrated business and operations solutions, particularly to hospitality, recreational, supply chain logistic and data services businesses.

It was featured as one of the Stocks With Momentum on theedgemarkets.com on Jan 22 and Jan 28 this year.

According to its latest filings with Bursa Malaysia, its substantial shareholders are Tey Por Yee with a 29.07% stake, followed by Goodunited Ltd's with 23.95% and Faizatul Ikmi Abdul Razak at 11.3%.

Asdion (fundamental: 1.65; valuation: 0) inched up 1.5 sen or 2.59% to close at 59.5 sen, giving it a market capitalisation of RM65.39 million.

Meanwhile, Imaspro Corp Bhd saw 1.76 million shares or 1.51% stake crossed off-market today, for a total value of RM2.98 million.

The transaction was done in a block at RM1.70 per share.

Imaspro (fundamental: 1.45; valuation: 0.6) is principally involved in the manufacturing and distribution of pesticides, including herbicides, insecticides and fungicides, as well as related agrochemicals.

As at Sept 30 last year, its substantial shareholders were Swiss Revenue Sdn Bhd-controlled 42.43% stake, Sunbina Dunia Sdn Bhd's 23.90% and Lembaga Tabung Haji 5.71%.

It closed one sen or 0.62% lower at RM1.60, giving it a market capitalisation of RM128.8 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.)