KUALA LUMPUR: OSK Ventures International Bhd has continued to trim its stake in ACE Market-listed mTouche Technology Bhd, which saw its share price, already on a downward slide since March, touch a one-year low of 13 sen on July 10.
In the past one year, the cybersecurity and Internet-related mobile applications developer has fallen some 40.82%. mTouche's shares, which were not traded on Bursa Malaysia yesterday, last traded on July 16 at 14.5 sen.
According to mTouche’s filing with Bursa yesterday, OSK Ventures, through its wholly-owned subsidiary OSK Capital Sdn Bhd, sold off 531,000 mTouche shares, representing a 0.25% stake, on July 13, 2015.
From March this year, OSK disposed of 4.48 million mTouche shares, representing a 2.08% stake in the company. Its total shareholding in the company now remains at 42.57 million shares, or a 19.76% indirect stake.
This article first appeared in The Edge Financial Daily, on July 21, 2015.