Hartalega sees 30 mil shares traded off market

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KUALA LUMPUR (Aug 29): Hartalega Holdings Bhd saw 30 million shares crossed off-market today. This represents a 0.9% interest in the glove maker.

According to Bloomberg data tracking trades of 300,000 shares or more, the shares were transacted in one block, worth a total RM203.1 million.

The transactions were carried out at RM6.77 a share, which is a 3.29% discount to the stock's closing price of RM7 today.

It is not immediately known who the parties involved in the transaction were.

At 5pm, shares of Hartalega closed 28 sen or 3.85% lower at RM7, with 9.58 million shares done, bringing its market capitalisation to RM23.24 billion.

Over the past year, the stock has risen 110.08% from RM3.33.