KUALA LUMPUR (Apr 27): Ge-Shen Corp Bhd, which manufactures plastic moulded products, saw 11 milllion of its shares, representing a 14.3% stake in the company, crossed off-market today.

According to Bloomberg, the shares were moved in one block of 11 million shares at 68 sen per share, arising to a total transaction value amount of RM7.84 million.

Ge-Shen’s largest shareholders are its group managing director Wong Yee Keh and executive directors Han Hun Kwong and Teo Chin Swee, through their shareholdings in Ge-Shen Resources Sdn Bhd, which controls 43.33% of Ge-Shen.

A year ago, Ge-Shen shares were trading at levels of 41 sen. On April 23, Ge-Shen shares had rose to a one year high of 73.5 sen. It was also the highest price the stock had reached in a period of 5 years.

Ge-Shen (fundamental:2.2;valuation:1.1) shares closed up 1.5 sen or 2.13% at 72 sen today, with a market capitalisation of RM55.4 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.)