4.74% Macpie shares traded off-market

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KUALA LUMPUR (May 23): ACE-Market listed Macpie Bhd saw a total of 15.37 million of its shares, representing a 4.74% stake in the company, transacted off-market today for RM2.15 million.

Bloomberg data showed the transaction was done in one single block at 14 sen apiece — a one sen per share premium to its open market last price of 13 sen.

The identities of those involved in the transaction are not known at the time of writing.

Macpie, formerly known as Sterling Progress Bhd, changed its name last month, after acquiring Macpie Pro Sdn Bhd in 2018, as it ventures into the event and artist management industry.

The group is now valued at RM42.18 million, after its stock price slipped half a sen today in thin trade.