5.71% of Sern Kou Resources traded in two off-market deals

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KUALA LUMPUR (July 23): A total of 13.70 million or 5.71% of Sern Kou Resources Bhd's shares exchanged hands in two off-market trades today, for a cumulative RM6.44 million.

According to Bloomberg, 1.5 million shares worth RM705,000 were traded shortly before 5:10pm, while a bigger tranche of 12.20 million shares worth RM5.74 million was traded at 5:12pm.

The identities of the buyer and seller were not known at the time of writing.

Sern Kou has a share base of 240 million.

As at July 8, the group’s largest shareholders were Genius Success Capital Sdn Bhd which owns 48 million shares or a 20% stake, Low Peng Sian (30.94 million shares or 12.59%), and Kenanga Unit Trust Bhd (6.03%). 

Sern Kou closed 2.22% or a sen higher to 46 sen, for a market capitalisation of RM110.40 million.