PNB is now substantial shareholder of Caring Pharmacy

PNB is now substantial shareholder of Caring Pharmacy
-A +A

KUALA LUMPUR (Oct 30): Perbadanan Nasional Bhd (PNB) has emerged as a substantial shareholder in Caring Pharmacy Group Bhd, with a 12.76% stakeholding.

In a filing with Bursa Malaysia today, the pharmacy operator said PNB acquired 27.78 million of its shares yesterday (Oct 29), without disclosing the price transacted.

In another filing, Caring said Datuk Zurainah Musa has emerged as its substantial shareholder as she is deemed interested in the company's put and call option agreements dated Oct 26, 2015, with PNB.

Zurainah, 53, is one of four executive directors in Berjaya Corp Bhd. She was appointed to the board on Jan 13, 2012.

She is also a director of Berjaya Food Bhd, Uzma Bhd, Tioman Island Resort Bhd and several other private limited companies.

Shares in Caring Pharmacy, which has almost doubled from RM1.09 to as high as RM2.08 on Oct 26, closed at RM1.92 today, down 12 sen or 5.88% from yesterday's close, for a market capitalisation of RM424.53 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)