Datasonic sees 9.4% stake traded off market

Datasonic sees 9.4% stake traded off market
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KUALA LUMPUR (Dec 27): Datasonic saw a total of 126.67 million shares, representing a 9.38% stake, traded off market today.

Bloomberg data showed the shares were traded across four blocks for 65 sen apiece, a 53% discount to today’s closing price of RM1.38, for a total value of RM82.33 million.

Filings with Bursa Malaysia showed the shares were disposed by Datasonic managing director Datuk Abu Hanifah Noordin, bringing his total direct stake in the company to 66.92 million shares or 4.957%.

He also has an indirect interest of 0.673% in Datasonic.

Earlier this month, Abu had disposed a 13.81% stake of his company via a series of off-market trades, which was also disposed at 65 sen apiece.

Datasonic rose 10 sen or 7.81% to RM1.38 today, giving it a market capitalisation of RM1.86 billion.