Friday 29 Mar 2024
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KUALA LUMPUR: Credit Suisse Group AG has acquired an additional 7.38 million shares or 1.17% stake in CLIQ Energy Bhd through several transactions since the beginning of the month.

In a filing with Bursa Malaysia yesterday, CLIQ Energy noted that the latest purchase was made last Friday, which saw the global financial services institution acquiring some 611,500 shares in the company. The price transacted was not disclosed.

Prior to that, Credit Suisse bought some 4.76 million shares or a 0.75% stake via three separate transactions between Dec 2 and Dec 4 .

On Nov 28, Credit Suisse also acquired 2 million shares in CLIQ Energy.

Following the purchases, Credit Suisse now owns 44.91 million shares or a 7.117% stake in the oil and gas company.

CLIQ Energy shares closed unchanged at 62 sen yesterday, giving them a market capitalisation of RM391.18 million.

 

This article first appeared in The Edge Financial Daily, on December 11, 2014.

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