Hap Seng Consolidated sees 1.53% stake traded off-market for RM297.54m

Hap Seng Consolidated sees 1.53% stake traded off-market for RM297.54m
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KUALA LUMPUR (Sept 6): Hap Seng Consolidated Bhd saw 38 million shares crossed off-market today. This represents 1.53% of the company's total 2.49 billion shares.

According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in one block, worth a total of RM297.54 million.

The transactions were carried out at RM7.83 per share, a discount of 13.38% from its closing price today of RM9.04 per share.

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