Off-Market Trades: D'Nonce Technology Bhd, ATTA Global Group Bhd, Tatt Giap Group Bhd, JMR Conglomeration Bhd, Malayan Banking Bhd

This article first appeared in Capital, The Edge Malaysia Weekly, on January 29, 2018 - February 04, 2018.
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D’NONCE Technology Bhd, which makes industrial tapes for the electrical and electronics sector, saw 53.97 million shares, or 29.25% equity interest, worth RM22.13 million traded off market on Jan 23.

Managing director — and the single largest shareholder — Law Kim Choon disposed of his stake and is no longer a substantial shareholder. Teh Huan Seng has emerged as a substantial shareholder with a 29.25% stake in the company via his vehicle, BM Synergy Holdings Sdn Bhd.

The shares crossed at 41 sen apiece, but D’Nonce has since fallen, closing at 38 sen last Thursday.

ATTA Global Group Bhd saw 15.5 million shares worth RM15.94 million change hands off market. This represents a 10.33% stake in the company.

The shares crossed in three separate direct transactions on Jan 18 — 10.27 million shares, three  million shares and 2.25 million shares. Executive chairman Ooi Chieng Sim, who is no longer a substantial shareholder, disposed of the shares.

G Reka Perunding Sdn Bhd acquired 12.52 million shares, giving it a direct 32.28% stake in the company. Note that G Reka Perunding had acquired 37.5 million shares on Jan 16 at RM1 apiece.

Tatt Giap Group Bhd saw 14.14 million shares worth RM1.7 million cross off market. The transactions make up an 8.3% stake in the company. The shares crossed in two blocks — on Jan 17 and 18 — at 12 sen apiece.

The stockist of stainless steel materials is loss-making. Chairman and president Datuk Siah Kok Poay disposed of 5.779 shares himself while his vehicle, Giapxin Sdn Bhd, sold 8.36 million.

At JMR Conglomeration Bhd, 12 million shares, or 9.46% equity interest, crossed off market at RM1 apiece in a single block on Jan 23. The shares were disposed of by group managing director Datuk Goh Yong Chee and were acquired by Leslie Tan Yick Yea. Goh retains a deemed 33.2% stake in the company.

Malayan Banking Bhd saw a sizeable 97.6 million shares worth RM962.47 million change hands off market. Note that this makes up only 0.9% equity interest in the company.

Tenaga Nasional Bhd also saw a substantial number of shares traded off market — 39.26 million worth RM620.85 million, or a 0.69% stake in the company. Two of the blocks stood out due to their size — a RM209.66 million block and one worth RM205.66 million.

Orion IXL Bhd, meanwhile, saw 25.95 million shares, or 4.33% equity interest, worth RM9.8 million change hands off market. The shares were disposed of by independent non-executive director Yahya Razali.

Separately, Spring Gallery Bhd saw 8.843 million shares change hands off market. The transactions, worth RM5.35 million, make up a 4.49% stake in the company and the shares were traded on Jan 22 at 60.5 sen apiece. Thus far, no filings have been made with Bursa Malaysia regarding this transaction.

Furniture and particleboard maker SYF Resources Bhd saw 24.5 million shares worth RM9.8 million change hands off market. The shares, which make up a 3.96% stake in the company, crossed in 11 transactions between Jan 18 and 22 at 40 sen apiece.

It appears that executive director Datuk Seri Chee Hong Leong, who retains a 6.081% stake, disposed of the shares.

 

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