PUC Founder sees 4.7% stake cross off-market

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KUALA LUMPUR (May 5): Fingerprint verification products marketer PUC Founder (MSC) Bhd saw 50 million shares traded off-market today, representing 4.7% stake of its overall outstanding shares, for RM7 million.

According to Bloomberg data, the shares were traded in one single block at 14 sen per share, which is equivalent to a 3.45% discount from the closing price of 14.5 sen today.

It is not known as to whom the parties involved in the transaction were at press time.

In the open market, the counter closed one sen or 6.45% lower at 14.5 sen, with 14.75 million shares traded, giving it a market capitalisation of RM164.8 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.)