BAuto sees 4.18% equity stake crossed off-market

BAuto sees 4.18% equity stake crossed off-market
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KUALA LUMPUR (June 10): Berjaya Auto Bhd (BAuto) saw 47.85 million shares or 4.18% equity stake crossed off-market today.

According to Bloomberg data, the transaction was done in 11 tranches, at RM2.10 or 8.7% discount over today's closing price.

This block of shares which exchanged hands, totaled RM100.49 million.

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

On the open market, there were 2.51 million shares traded today.

BAuto share price gained two sen to RM2.30 today, giving it a market capitalisation of RM2.64 billion.