KUALA LUMPUR (Sept 7): Sycal Ventures Bhd saw 11 million shares crossed off-market today. This represents 3.43% of the company's total 320.25 million shares.
According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in one block, worth a total of RM1.5 million.
The transaction was carried out at 13.6 sen a share, a discount of 47.7%from its closing price today of 26 sen per share.
Yesterday, the company also saw a similar off-market deal.
It is not immediately known who the parties involved in the transaction are.