Friday 29 Mar 2024
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KUALA LUMPUR (Sept 3): XingHe Holdings Bhd saw 6.25% of its shares traded in off-market trades today.

According to Bloomberg, four blocks of XingHe’s shares were traded off-market between 3.12pm and 4.26pm.

Some 23.25 million shares, worth RM1.86 million, were traded. The first blocks comprised 4.5 million, while the remaining three blocks comprised 6.25 million shares each.

The off-market transactions were carried out at eight sen per share, a 65.22% discount over the counter’s closing price of 23 sen today.

At the time of writing, the identities of the parties involved in the trades are unknown.

As of July 5, XingHe's largest shareholders were: Testa Holdings Bhd (36.10% stake or 134.19 million shares), EClub Interactive Sdn Bhd (5.07% stake or 18.85 million shares) and independent chairman Ng Min Lin (3.30% stake or 12.28 million shares).

Based on the closing price 23 sen, the group’s market capitalisation stands at RM85.51 million.

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