KUALA LUMPUR (Oct 1): Some 40 million shares representing a 7.2% stake in quarry equipment company SCH Group Bhd were traded off-market today, according to Bloomberg data.

The shares were traded in a single tranch at 19 sen apiece for a sum of RM7.6 million. This represented a premium of 15.15% to its last closing price of 16.5 sen in the open market.

At the time of writing, it is unclear who was involved in the transaction.

On July 24, Tan Sri Richard Koh Kin Lip and related parties ceased to be substantial shareholders in SCH after their private investment vehicle Thianjing Holdings disposed of another 13.19% stake, leaving Thianjing with 0.03%.

Directors Lau Mong Ling and Khoo Chee Siang have also ceased to be substantial shareholders in SCH, according to bourse filings dated Aug 6.

As at Aug 2, Datuk Ong Choo Meng was SCH Group’s single largest shareholder with a 29.43% stake in the company, mostly held through 64.7%-owned Hextar Holdings Bhd.

SCH is currently diversifying into event equipment and fertiliser businesses, having acquired TK Tent & Air-Conditioning Rental Sdn Bhd for RM50 million and a 83.33% stake in PK Fertilizers (Sarawak) Sdn Bhd for RM19.05 million.

The counter lost half a sen or 2.94% to close at 16.5 sen today, for a market capitalisation of RM91.7 million.