Johan Holdings sees 4.82% stake traded off market

Johan Holdings sees 4.82% stake traded off market
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KUALA LUMPUR (Dec 20): Johan Holdings Bhd today saw 30 million shares cross off-market, representing a 4.82% stake of its overall outstanding shares or 622.95 million shares.

According to Bloomberg data, the shares crossed in two transactions, one with 16 million shares at the price of 30.5 sen per share or RM4.88 million in all, while the remaining 14 million shares were traded at 31 sen per share or RM4.34 million in total.

The transacted prices were at between 15% and 16.4% discount to the stock’s open market closing price of 36.5 sen today.

Parties involved in the transaction were not known at press time.

Meanwhile, in the open market, Johan’s share price increased four sen or 12.31% today, with 20.98 million shares traded.

The group has a market capitalisation of RM227.38 million.