Green Packet sees 3.88% stake traded off-market

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KUALA LUMPUR (April 5): Green Packet Bhd saw 3.88% of its shares traded off-market today, via two separate transactions at 19.5 sen a piece totalling RM5.69 million.

The shares were purchased at a 39% discount to its closing price of 32 sen.

According to Bloomberg data, the first block consisted of 26.5 million shares or 3.53% of Green Packet’s share base, while the second block of shares comprised 516,550 shares.

The parties involved in the transactions were unknown at the time of writing.

The company had reported a net loss of RM2.62 million for the fourth quarter ended Dec 31, 2017 (4QFY17), from a net profit of RM451,000 a year earlier, amid lower revenue, higher finance cost, as well as associate losses.

Quarterly revenue fell to RM97.79 million, from RM109.66 million.

Its unaudited net loss for the year stood at RM16.62 million, versus a net profit of RM70.69 million a year earlier, while revenue fell to RM356.97 million from RM366.25 million.