Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Jan 29): NetX Holdings Bhd saw 76.02 million shares representing a 3.12% stake in the company traded off-market today.

Bloomberg data showed that the shares were sold in three tranches at 4.5 sen per share, for a total consideration of RM3.41 million. At 4.5 sen per share, the trade was done at a premium of half a sen or 12.5% to its last open-market price of 4 sen.

It is unclear who were involved in the transactions at press time. As at Oct 13, 2017, NetX's substantial shareholder Asia Bioenergy Technologies Bhd holds an 11.16% indirect stake in the company via Asiabio Capital Sdn Bhd, its latest annual report showed.

NetX develops software, system design, integration and installation and provision of information technology services, and has recently entered financial services segment.

One of the more lucrative contracts it won recently include a six-year agreement to provide an e-wallet platform and service under the name of 'AllZ Wallet' for Vattanac Bank in Cambodia, which it announced on Dec 5, 2017.

In its first quarter ended Sept 30, 2017 (1QFY18), the group made a profit of RM1.18 million against RM1.21 million in losses a year ago.

Quarterly revenue rose almost 19 times to RM6.19 million, from RM383,000 previously thanks to contract sales in non-electronic payment services segment, and new sales of electronic payment systems.

The counter lost half a sen or 11.11% today to close at 4 sen, giving it a market capitalisation of RM97.6 million.

 

      Print
      Text Size
      Share