Superlon sees 3.5% stake trade off market

Superlon sees 3.5% stake trade off market
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KUALA LUMPUR (Dec 8): Superlon Holdings Bhd saw some 2.78 million shares or a 3.51% stake in the firm trade off market today, for a total value of RM5.51 million.

According to Bloomberg data, these shares were moved in a block via direct business transaction at RM1.98 per share, 16.16% lower than the closing price of RM2.30.
 
However, it is not immediately known as to whom the parties involved in the transactions were.

Superlon mainly manufactures nitrile butadiene rubber (NBR) foam insulation materials for domestic and export markets.  

Superlon closed 11 sen or 5.02% higher at RM2.30 today, with 193,700 shares exchanging hands, for a market capitalisation of RM184 million.  

Year-to-date, the counter has risen more than 250%.

(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.)