This article first appeared in Capital, The Edge Malaysia Weekly on September 11, 2017 - September 17, 2017

HAP Seng Consolidated Bhd saw 1.53% of its share base crossed off market for RM297.54 million in a single direct trade during the week in review.

The diversified conglomerate, which has operations in the plantation, property and building materials segments, saw 38 million shares change hands at RM7.83 apiece on Sept 6, a 15% discount to its closing price of RM9.04 on that day.

Thus far, there are no filings with Bursa Malaysia to show who are the parties that traded the shares.

However, the major shareholders of Hap Seng include Gek Poh Holdings Sdn Bhd, which has a 54.63% stake, followed by Lei Shing Hong Investment Ltd (13.08%) and Phillip Securities HK Ltd (3.78%).

Separately, property and plantation group Kuala Lumpur Kepong Bhd saw 6.64 million shares, or a 0.62% stake, traded off market.

A total of 650,000 shares were traded in several blocks at the closing price of RM24.56 apiece, or a total of RM15.96 million, on Sept 6. The trades comprised two blocks of 200,000 shares, one block of 150,000 shares and oneblock of 100,000 shares.

The buyer and seller of the shares were not disclosed at the time of writing.

Over at Tenaga Nasional Bhd, 10.92 million shares or a 0.19% stake were traded off market.

The national utility saw 5.72 million shares change hands in a direct trade on Sept 6, at the closing price of RM14.40 each.

Meanwhile, 2.1 million shares were traded in three blocks for a total value of RM30.06 million. About 1.1 million shares were done at RM14.28 on Aug 30, and 210,000 shares at RM14.38 on Sept 5.

The balance of 785,000 shares were transacted at RM14.40 on Sept 6.

CIMB Group Holdings Bhd saw 14.36 million shares or a 0.16% stake change hands.

A block of 10 million shares were disposed in direct trades on Aug 30 at RM6.72, a 5% discount to the closing price of RM7.08 on the same day. The parties involved were not known at the time of writing.

Four blocks, totalling 2.47 million shares, were also crossed off market for RM16.85 million on Aug 30, Sept 5 and Sept 6.

Malayan Banking Bhd saw 16.45 million shares, representing 0.16% of its share base, traded off market. A block of 10 million shares changed hands in a single direct deal for RM94.5 million on Sept 5. The shares were crossed at RM9.45, representing a 0.3% premium to the closing price of RM9.42.

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