Sarawak Cable sees 4.89% stake traded off market

Sarawak Cable sees 4.89% stake traded off market
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KUALA LUMPUR (Dec 20): Sarawak Cable Bhd today saw 15.5 million shares transacted off-market, representing a 4.89% stake of its overall outstanding shares or 317.05 million shares.

According to Bloomberg data, the deal was done in a single transaction at 72 sen per share, equivalent to 0.7% premium to the counter’s closing price of 71.5 sen today in the open market.

Parties involved in the transaction are not known yet as at press time.

Sarawak Cable’s closed 0.5 sen or 0.69% lower today, with 142,700 shares traded.

The group has a market capitalisation of RM226.69 million.