KUALA LUMPUR (Oct 19): Ta Win Holdings Bhd saw 3 million shares, representing a 4.67% stake in the company, traded off-market today.

Bloomberg data showed the shares were traded in a single block at RM1.30 apiece — a 0.77% premium to its last traded share price of RM1.31 on the open market — for a consideration of RM3.9 million.

At press time, it was unclear as to who were involved in the transaction. 

The copper products manufacturer's losses narrowed in its second quarter ended June 30, 2017 (2QFY17) to RM698,000, from RM3.14 million a year ago, as better exchange rates contributed to forex gains in the period. 

Revenue, however, dipped 8.22% year-on-year to RM89.49 million, from RM97.5 million, due to lower selling price incurred from lower London Metal Exchange (LME) prices.

For its six-month period ended June 30 (6MFY17), Ta Win incurred a net profit of RM888,000, compared with a net loss of RM8.03 million in the same period last year, due to better exchange rates and the cessation of non-profitable operations in China. 

Half-year revenue dipped 3.83% to RM173.83 million, from RM180.75 million in 6MFY16 — again due to lower LME prices.

At 5pm, Ta Win's counter saw 5.6 million shares traded — 8.15 times its 200-day average volume of some 686,869 shares — to close 4.8% or 6 sen higher at RM1.31, giving it a market capitalisation of RM84.22 million.