Konsortium Transnational, Ideal Sun City, BHS Industries, Digistar, Global Oriental, K-Star Sports

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KUALA LUMPUR (Sept 09): Based on news flow and corporate announcements today, the stocks that may be in focus tomorrow (Sept 10) could include the following: Konsortium Transnational Bhd, Ideal Sun City Holdings Bhd, BHS Industries Bhd, Digistar Corp Bhd, Global Oriental Bhd and K-Star Sports.

Public bus operator Konsortium Transnasional Bhd said its substantial shareholder Affin Investment Bank had on Monday, disposed its entire shareholding of 64 million shares or 15.89% stake, at 62.5 sen a share or RM40 million.

In separate announcements today, Konsortium Transnasional said Affin Investment had disposed of the stake to Nadicorp Holdings Sdn Bhd, in an off-market deal yesterday.

Nadicorp, which was already a substantial shareholder in Konsortium Transnasional with a 9.14% stake prior to the transaction, saw its equity interest upped to 100.8 million shares or 25.03%, after acquiring the 64 million shares from Affin Investment.

After rising to as high as 41 sen, Konsortium Transnasional has ended 26.23% higher at 38.5 sen today, with 73.07 million shares done. It was the fourth most-active stock across the local bourse today.

ACE Market-listed company Ideal Sun City Holdings Bhd plans to diversify into property investment, with the acquisition of two commercial properties in Penang for RM26 million cash.

It plans to partly finance the acquisition by issuing a 30% stake to independent third party investors, to be identified later.

One of the properties that it is planning to acquire is at Timor Laut, which carries 46 commercial units, dubbed Ideal C.E.O executive suites, for RM18 million, its filling with Bursa Malaysia today showed.

The second purchase is 12 units of stratified commercial space, comprising four units of three-storey shop offices at Barat Daya, for RM8 million.

Federal Land and Development Authority (FELDA) has emerged as a substantial shareholder in BHS Industries Bhd, with an 11.1% stake.

In a filing with Bursa Malaysia today, BHS — which prints magazines, textbooks, general publications, directories and company annual reports — said FELDA has acquired 8 million shares or a 11.1% stake in the company, on Sept 05.

Digistar Corp Bhd — which manufactures broadcasting equipment services — is diversifying into money lending, after getting the licence for it from the government, and expects the segment to bring positive contribution to its financial year ending Sept 30, 2015 (FY15).

In a filing with Bursa Malaysia, Digistar said its wholly-owned subsidiary Nielsen Ward Sdn Bhd had received a money-lending licence from the Urban Wellbeing, Housing and Local Government Ministry, under Akta Pemberi Pinjam Wang 1951 (Akta 400), via the ministry’s letter dated Aug 20.

Property player Global Oriental Bhd (GOB) saw a slew of shareholder changes today, with Datuk Choo Chuo Siang emerging as a substantial shareholder, after acquiring 6.55% or 14.9 million shares in GOB.

In separate announcements to Bursa Malaysia today, GOB said Goh Chee Keen, Gan Wei Pin and How Wee Teck have ceased to be substantial shareholders in GOB, after the trio ceased to have interest in Indera Muhibbah Sdn Bhd on Sept 03.

Choo had acquired the stake on the same day, through the same private vehicle — Indera Muhibbah.

China-based K-Star Sports Ltd’s parent, K-Star Sports International Ltd, has disposed of a total of 8% in the sportswear manufacturer, via the off market.

K-Star Sports’ filing with Bursa Malaysia today stated that K-Star Sports International sold 21.31 million of K-Star Sports’ shares today.

No price was stated in the filing, but Bloomberg data showed that two blocks of shares were traded off-market today and was valued at 11 sen apiece, and the share volume in those blocks matched the ones in the Bursa filing.