ECM Libra sees 3.67% stake traded off-market

ECM Libra sees 3.67% stake traded off-market
-A +A

KUALA LUMPUR (Dec 17): ECM Libra Group Bhd saw 3.67% of its equity stake traded in a few off-market transactions today.

According to Bloomberg, a total of 17.63 million shares worth RM5.29 million or 30 sen per share were traded in three off-market transactions between 4:37pm to 4:42pm today.

Two blocks consisted of 4.41 million shares, while one block consisted of 8.82 million shares.

The transaction price of 30 sen is at a 13.21% premium over today’s closing price of 26.5 sen per share.

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

According to its annual report for the financial year ended Dec 31, 2019 (FY18), the groups largest shareholders were Tune Group Sdn Bhd which held a 22.95% stake; 21.48% held by nominee account via Bank Julius Baer & Co Ltd; and Truesource Pte Ltd, holding an 11.81% stake.

Shares of ECM Libra closed 6% or 1.5 sen higher at 26.5 sen today, giving it a market capitalisation of RM127.18 million. The counter saw 76,600 shares traded.