The Store sees 9.01% stake worth RM19.77m crossed off market

The Store sees 9.01% stake worth RM19.77m crossed off market
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KUALA LUMPUR (Nov 1): The Store Corp Bhd saw a total of 6.18 million shares or a 9.01% equity stake worth RM19.77 million or RM3.20 per share crossed off market today.

The transactions were done in six blocks, ranging from 162,200 shares a block to 3.03 million shares a block, according to Bloomberg data.

The transaction price was at a 25 sen or 8.5% premium to its latest closing price of RM2.95 today.

For comparison, the counter's open market trading volume was thin at only 1,100 shares.

It is unknown who were the parties involved in the transactions.

According to The Store's Annual Report 2016, Equatorial Century Sdn Bhd is the single largest shareholder in the company with 14.9 million shares or a 21.75% stake.

It is followed by Megastar Ventures Sdn Bhd with 3.42 million shares or a 4.99% stake, Surplus-Ed Capital Sdn Bhd's 4.98% stake and Nichetrade Capital Sdn Bhd's 4.78% stake.

Meanwhile, Berjaya Corp Bhd founder Tan Sri Vincent Tan Chee Yioun has 1.9 million shares or 2.77% direct stake and 5.35 million shares or 7.8% indirect stake in The Store.

The share price of the department store operator closed 15 sen or 4.84% lower at RM2.95, for a market value of RM202.09 million.