7.38% in Diversified Gateway Solutions traded off-market

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KUALA LUMPUR (Aug 17): Some 110 million shares representing a 7.38% stake in Diversified Gateway Solutions Bhd (DGSB) were traded off-market today.

Bloomberg data showed that the shares were sold in a single tranche at 6.3 sen per share — a 16% discount to its last closing price of 7.5 sen — for a sum of RM6.93 million.

At press time, it is unclear who were involved in the transaction of the technology services firm's shares.

According to DGSB's latest annual report dated June 29, its largest shareholders are listed company Insas Technology Bhd, which acquired 19.91% in DGSB in November last year, followed by Omesti Bhd.

Omesti has been paring down its stake in DGSB from a high of 43.45% in October 2017. In a July 11 filing, DGSB said Omesti's holding has been reduced to 13.03%.

As at June 29, Omesti is 18.97%-owned by Datuk Mah Siew Kwok, who also serves as chairman in DGSB.