Friday 29 Mar 2024
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KUALA LUMPUR (Dec 24): LKL International Bhd, which is involved in the provision of medical beds, peripherals and accessories, saw some 28.77 million shares representing a 6.71% stake traded off-market today.  

The stake was sold in a single block for RM3.31 million or 11.5 sen per share, for a discount of half a sen or 4.17% over its last closing price of 12 sen per share. 

At the time of writing, it is unclear as to who were involved in the transaction. 

LKL’s largest shareholders comprise the family of founders Lim Kon Lian and Mok Mei Lan. Together with their two children Lim Sin Yee and Lim Pak Hong, the family controls some 67.3% stake in the company.  

The individual with the next single largest stake in LKL is its non-executive director Tan Chuan Hock, who held 6.71% as at July 31, according to the company’s latest annual report.  

For its second quarter ended July 31, 2018 (2QFY18), LKL’s net profit fell 70.11% to RM113,000 from RM378,000 in the same quarter last year, on higher expenses, despite revenue rising 32.31% to RM9.48 million, from RM7.17 million previously.  

For the first half of FY19 (1HFY19), LKL made a net profit of RM141,000 against losses of RM481,000 in the same period last year.  

Half-year revenue grew 43.86% to RM17.25 million from RM11.99 million, thanks to higher sales of healthcare beds, peripherals and accessories, as well as medical devices. 

At 12 sen per share, LKL is currently trading at its record low since it was first listed in May 2016. With that, the company has a market capitalisation of RM51.46 million.

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