Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 29): Sterling Progress Bhd today saw 28.6 million shares transacted off-market. The shares represent 9.99% of the company’s total outstanding shares totalling 286.29 million.

According to Bloomberg data, there were four transactions, all at 35 sen per share, valuing the deals at RM10.02 million.

The transacted price was at a 42.86% premium to the stock’s open market closing price of 24.5 sen today.

Parties involved in the transaction were not known at press time.

Shares in Sterling Progress closed two sen or 8.89% higher at 24.5 sen today in the open market, bringing its market capitalisation of RM70.14 million.

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