Friday 29 Mar 2024
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KUALA LUMPUR (May 12): mTouche Technology Bhd, in response to Bursa Malaysia's unusual market activity (UMA) query, has directed the spotlight on major shareholder OSK Technology Ventures Sdn Bhd's shareholding changes in mTouche.

Yesterday, Bursa Malaysia issued an UMA query on the recent high trading volume of mobile value-added services specialist mTouche shares.

At 12:30pm today, mTouche shares rose 0.5 sen or 3% to 16.5 sen with a volume of some 80 million shares. The counter was the top-active stock on Bursa Malaysia.

At 16.5 sen, the company has a market value of about RM38 million.

Yesterday, mTouche shares registered a volume of some 41 million shares compared to about eight million shares on May 4.

Today, mTouche directed the spotlight on OSK Technology Ventures' shareholding changes in mTouche as one of the factors for investors' consideration.

Last Tuesday, mTouche said OSK Technology Ventures disposed of 7.79 million shares between May 3 and 9 this year.

Following the sale, OSK Technology Ventures' stake in mTouche stood at 13.17%, according to mTouche.

 

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