SMTrack sees 8% stake cross off-market

SMTrack sees 8% stake cross off-market
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KUALA LUMPUR (Jan 9): SMTrack Bhd, which provides track and trace solutions using radio frequency identification, saw 8% of its shares traded off-market today.

According to Bloomberg, 13.38 million of the group's shares were traded in two tranches for 5.2 sen apiece. The transacted price represents a 48% discount over the stock's closing price today of 10 sen.

The identities of those who participated in the trade are currently unknown.

According to SMTrack's Annual Report 2019, its executive director Datuk Tan Choon Hwa was the largest shareholder in the company with a 17.66% stake as at Oct 31, 2019.

Shares in SMTrack closed unchanged at 10 sen today, giving it a market capitalisation of RM17.67 million. The counter saw 369,800 shares done.