Friday 26 Apr 2024
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KUALA LUMPUR (July 24): Credit Suisse Group AG has ceased to be a substantial shareholder of China Automobile Parts Holdings Ltd (CAP) with the recent disposal of 3.35 million shares through open market.

A filing with Bursa Malaysia today showed that CAP (fundamental: 1.95; valuation: 1.8) had disposed of the 0.55% stake on July 20.
 
After the disposal, the investment bank now holds 30.46 million shares or 4.98% equity interest in the company.
 
CAP shares closed 0.5 sen or 1.69% lower at 29 sen today, bringing a market capitalisation of RM180.35 million.     
 
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.) 

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