D’Nonce sees 9.37% stake cross off-market

D’Nonce sees 9.37% stake cross off-market
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KUALA LUMPUR (Dec 20): D’Nonce Technology Bhd saw 9.37% of its outstanding shares cross in an off-market trade today.

According to Bloomberg, 24.49 million of the group's shares were traded in one block at 11.26am for RM10.28 million or 42 sen per share. The transacted price represents a premium of about 12% over the stock's closing price today at 37.5 sen per share.

The identities of those who participated in the trade are currently unknown.

As of July 25, Tan Than Kau had a cumulative stake of 23.33% in the company while Singapore investment company Blackstream Investment Pte Ltd controlled a 23.27% stake. Asia Poly Holdings Bhd had a 9.37% stake.

Shares in D’Nonce closed unchanged at 37.5 sen per share, giving it a market capitalisation of RM97.99 million. The counter saw 9,000 shares done.