Friday 26 Apr 2024
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KUALA LUMPUR (Sept 18): Shares of Aemulus Corp Bhd were the most actively traded early this morning after Khazanah Nasional Bhd, which emerged as its substantial shareholder with a 15% stake.

Aemulus, which debuted on Bursa Malaysia’s ACE Market on Tuesday, rose 9.21% or 3.5 sen to 41.5 sen with 25.21 million shares done at 9.22am.

In a filing with Bursa Malaysia yesterday, the Penang-based semiconductor player said Khazanah became its substantial shareholder via Bombalai Hill Ventures Sdn Bhd.

It said Bombalai Hill had subscribed to some 65.83 million shares or 15% via private placement on last Friday (Sept 11).

The transaction price was, however, not disclosed in the filing.

On its maiden trading day, Aemulus closed at 39.5 sen, a 41.07% premium over its issue price of 28 sen, after some 92.26 million shares changed hands. Today, the stock inched down 1.5 sen or 3.8% to close at 38 sen, bringing its market capitalisation to RM164.57 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.)

 

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