Iconic Worldwide sees 4% stake traded in a series of off-market trades

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KUALA LUMPUR (Dec 20): Real estate development company Iconic Worldwide Bhd saw 4.02% of its outstanding shares traded in a series of off-market trades today.

According to Bloomberg, between 2.45pm and 3.33pm today, some 13 million shares crossed in four off-market deals at 30 sen per share or RM3.9 million in total. The transacted price represents a one sen discount to its closing price of 31 sen per share.

The identities of those who participated in the trades are currently unknown.

The group’s single largest shareholder, as at Oct 23, was its managing director Datuk Tan Kean Tet, with a 20.32% stake.

At its last traded price of 31 sen per share today, Iconic Worldwide has a market capitalisation of RM100.35 million.