Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 12): Hextar Global Bhd, an agrochemical manufacturer, saw 5.74% of its outstanding shares traded in a series of off-market trades today.

The stake, involving some 47.09 million shares, crossed in five blocks between 4:11 pm and 4:42 pm, at 78 sen a share, bringing the total value of the transactions to RM36.73 million.

The price at which the shares were transacted represents a 21.88% premium over Hextar Global’s closing price of 64 sen per share today.

The identities of those involved in the trades are currently unknown.

Hextar Global's largest shareholder is Waras Dinamik Sdn Bhd with a 50.14% stake, according to the group's annual report for the financial year ended Dec 31, 2018. Waras Dinamik is the investment vehicle of non-independent and non-executive vice-chairman Datuk Ong Soon Ho and non-independent executive director, Datuk Ong Choo Meng.

Hextar Global shares' closing price of 64 sen, down 2.31% or 1.5 sen from Wednesday, gave the group a market capitalisation of RM521.13 million.

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