8.7% stake in Boon Koon traded off-market

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KUALA LUMPUR (Dec 11): Boon Koon Group Bhd saw 25.04 million shares, representing 8.74% stake in the company, crossed off-market today.

Bloomberg data showed the shares were traded in a single block at 33.5 sen per share – a 31.6% discount to its closing price of 49 sen on the open market today.

It is not immediately known as to who the parties involved in the transactions are.

On the open market, Boon Koon’s share price declined one sen or 2% to close at 49 sen today, with 451,000 shares done, giving it a market capitalisation of RM140.44 million.