Fibon sees 5% stake cross off-market

Fibon sees 5% stake cross off-market
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KUALA LUMPUR (June 13): Fibon Bhd saw 4.86 million shares crossed off-market today. This represents 4.96% of the electrical switchboard equipment part manufacturer’s total 98 million shares.

According to Bloomberg data, there were 12 off market transactions, worth a total of RM3.17 million. The transactions were carried out at between 68.5 sen and 70 sen a share.

It is not immediately known as to who the parties involved in the transaction are.

In the open market, Fibon’s share price gained 0.5 sen or 0.72% to 70 sen, giving it a market capitalisation of RM68.6 million.