KUALA LUMPUR (March 31): Hektar Real Estate Investment Trust (Hektar REIT) saw 25.25 million shares traded off-market today, representing a 6.3% stake in the real estate manager.
According to Bloomberg data, the shares were moved in one block for a total value of RM38.13 million or RM1.51 apiece.
It is not known who the parties involved in the trades are.
Hektar REIT closed unchanged at RM1.51, after touching a high of RM1.52 in early trade. A total of 76,100 shares were traded.
At RM1.51, the company has a market value of RM604.95 million.
According to Bloomberg, Hektar REIT's largest shareholder is Singapore-listed Fraser Centrepoint Trust with 124.89 million shares or a 31.17% stake as at Dec 31, 2015.
This is followed by Hektar Premier Sdn Bhd (27.3%) and Hektar Black Sdn Bhd (12.7%).