KUALA LUMPUR (April 13): Rapid Synergy Bhd director Datuk Dr Yu Kuan Chon has disposed shares in the company, while his brother Datuk Yu Kuan Huat has been acquiring more shares.

In a filing to the Bursa Malaysia today, Rapid Synergy (fundamental:0.45; valuation: 0.9) said Kuan Chon had disposed a total of 123,000 shares in three blocks for a total of RM722,082.

Kuan Chon disposed 63,000 shares at RM5.914 apiece on April 8, and another two blocks amounting to 45,000 shares and 15,000 shares at RM5.80 and RM5.90 apiece respectively.

As at April 10, his direct and indirect interest in the company amounted to 20.85% and 8.61%, respectively.

Meanwhile, his brother Kuan Huat who is also director in Rapid Synergy, has acquired 477,000 shares, representing a 0.55% interest in the company at RM6.30 apiece off-market.

Kuan Huat's direct and indirect interest in the company amounted to 3.44% and 8.61% respectively.

Kuan Chon also holds interest in Imaspro Corporation Bhd (14.59%), YNH Property Bhd (14.47%) and Hong Leong Capital Bhd (4.774%).

Rapid Synergy’s core business involves the design, manufacture, assembly, tests and buy-off of various tooling products such as IC encapsulation mould for high volume production, Light Emission Diodes (LED) and high precision tooling spares, as well as property development.

Rapid Synergy closed 7 sen or 1.18% lower at RM5.88, giving it a market capitalisation of RM520.23 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.)