Bertam Alliance’s MD sells 10.2 million shares or 4.9% stake off market

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KUALA LUMPUR (Jul 23): Bertam Alliance Bhd has seen about 10.2 million shares or about 4.93% stake owned by its group managing director being sold off market at 30 sen per share.

According to a filing with Bursa Malaysia, Lim Nyuk Foh, the Group’s MD sold about 10.2 million shares off-market today while another 1.12 million was disposed of in the open market on Friday.

Following the disposal, Lim remains the single largest shareholder at Bertam with an 18.2% interest.

Bertam’s share price has been on the decline in the last five years, and has fallen by about 26.8% year-to-date to close at 30 sen today, giving it a market capitalization of RM62 million.