K-Star Sports sees 4.5% stake cross off-market

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KUALA LUMPUR (April 26): K-Star Sports Ltd saw 17.15 million shares, representing a 4.5% stake in the sports footwear and sports apparel maker, traded off-market today.

According to Bloomberg data, the shares crossed in two blocks, all done at 9.8 sen per share, worth a total of RM1.68 million. The transactions were carried out at a 14.78% discount to the stock’s closing price of 11.5 sen on the open market today.

At the time of writing, it is not known who the parties involved in the transactions were.

In the open market, K-Star's share price closed unchanged at 11.5 sen today, with 7.68 million shares done, giving it a market capitalisation of RM43.81 million.

Yesterday, K-Star also saw 17.15 million shares traded cross off-market, but in one block.