JMR sees 8.9% stake traded off-market for RM11.3m

JMR sees 8.9% stake traded off-market for RM11.3m
-A +A

KUALA LUMPUR (Nov 29): JMR Conglomeration Bhd saw 11.3 million shares cross off-market today, representing an 8.91% stake in the company.

According to Bloomberg data, the shares were transacted in two separate blocks, for a total of RM11.3 million or RM1 a share, a discount of 5.66% to its last traded price.

It is not immediately known as to who the parties involved in the transactions are.

JMR and its subsidiary companies are principally involved in the sector of manufacturing, quarry operations, property development, construction and investment, according to its company's website.

JMR reported a net loss of RM196,000 in its first quarter ended June 30, 2017 (1QFY18) compared to a net profit of RM215,000 last year, as revenue fell 32% to RM4.67 million from RM6.91 million on lower property development contribution.

Shares in JMR were untraded today. The stock closed unchanged at RM1.06 last Wednesday, giving it a market capitalisation of RM134.39 million.