Asia Brands sees 2.09% stake traded off market

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KUALA LUMPUR (Feb 8): Asia Brands Bhd today saw some 1.65 million shares transacted across off-market, representing a 2.09% stake.

According to Bloomberg data, the trades were done in four transactions at 75 sen per share, equivalent to a 9.64% discount to its last traded price of 83 sen on the open market.

Parties involved in the transaction were not known as at press time.

The group, which markets a range of baby products and lady’s innerwear, has a market capitalisation of RM65.67 million.