OFF-MARKET DEAL: Sycal Ventures sees 3.43% stake traded off market

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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.