KUALA LUMPUR (Jan 9): Asia Media Group Bhd saw 12 million of its shares, representing a 5.01% stake in the digital transit media advertiser, traded off market today for a total of RM1.68 million.

Bloomberg data showed the transaction was done in a single block at 2.33pm, at 14 sen apiece.

The identity of the parties involved in the transaction is not known at the time of writing.

On Dec 28, Asia Media said in a filing that its single largest substantial shareholder, Wong SK Holdings Sdn Bhd, a private vehicle of Asia Media's founder cum chief executive officer Datuk Wong Shee Kai, had disposed of 12 million shares in an off-market transaction on Dec 20.

This pares down Wong's shareholding in Asia Media to 14.55%, nearly half from the 27.2% stake he held as at April 2 last year, as stated in the company's annual report.

Asia Media is valued at RM33.53 million after its share price slipped half a sen to close at 14 sen today in thin trade.