KUALA LUMPUR (May 27): Mexter Technology Bhd, which saw its share price hit a one-year high today, saw a substantial 31.28% of its shares traded off market today.

According to Bloomberg data, the 61.55 million shares were transacted in three blocks, ranging from 4.29 million to 51.5 million, for a total value of between RM644,550 and RM7.73 million, or 15 sen a share.

The transaction price represents a premium of 2.5 sen or 20% to its closing price of 12.5 sen.

According to the company's filing, its non-independent non-executive director Kuan Khian Leng has sold a total of 51.55 million shares or a 28.82% stake at 15 sen per share off the market today.

He was previously an executive director of the company but was re-designated as non-independent non-executive director of the company with effect from Jan 1.

The company has yet to announce the name of the buyer of the block of shares.

For the other two transactions, the parties involved are so far not known.

Mexter Technology, through its subsidiaries, offers products and services that include information technology (IT) solutions and IT outsourcing services, hardware and software solutions, management consulting, and automation solutions.

Mexter's share price closed the day up 5.5 sen or 78.57% at its one-year high of 12.5 sen, after 23.25 million shares changed hands, making it one of the most actively traded counters.

The volume was, however, relatively small in comparison to the off-market volume.

At the current price, the company is valued at RM24.59 million.