Ewein sees 4.97% stake traded off market at 17% below market price

-A +A

KUALA LUMPUR (July 23): Ewein Bhd saw about 15 million shares or a 4.97% stake traded off market at a 16.96% discount to today’s closing price of 85.5 sen per share.

Data compiled by Bloomberg shows the transaction was done in three tranches (one tranche of six million shares and two tranches of five million shares each) at a price of 71 sen per share.

This off market deal equals to 34.4% of the 43.6 million shares traded in the open market.

Ewein’s share price has been on an uptrend since the change in government, after the May 9 general election. Prior to the polls, the stock was trading at 38.8 sen.

Year-to-date, Ewein’s share price has increased by 94.3%, giving it a market capitalisation of RM257.9 million.