KUALA LUMPUR (Oct 19): Some 14.43 million shares of MMAG Holdings Bhd, representing a 4.75% stake in the company, were traded off-market today.

Bloomberg data showed that the shares were traded in a single block at 25 sen apiece — a 16.67% discount to its last closing price of 30 sen on the open market — for RM3.61 million in total.

It was unclear who were involved in the transaction at press time. On the open market, the counter saw some 18.4 million shares traded — about 3.7 times its 200-day average trading volume of 4.96 million shares.

On Sept 14, the technology company saw Landasan Simfoni Sdn Bhd cease to be a substantial shareholder after it disposed of 30.3 million shares. Later on Sept 20, Innofarm Sdn Bhd acquired 25.3 million MMAG shares on the open market, raising its stake to 14.41% from 5.2% previously.

Year-to-date, MMAG's share price has gained 50% and is currently trading at its 2-year high. The counter closed 3.45% or 1 sen higher at 30 sen today, giving it a market capitalisation of RM91.1 million.