KUALA LUMPUR (Jan 4): Lembaga Tabung Haji has ceased to be a substantial shareholder in aquaculture company Borneo Aqua Harvest Bhd.
In a filing with Bursa Malaysia today, it was revealed that the pilgrims' fund board had on Dec 29, 2015 disposed of 21 million Borneo Aqua shares, representing a 4.9% stake.
After the disposal, Tabung Haji now holds some 19.59 million Borneo Aqua shares, or a 4.6% stake, in the company.
In November last year, Borneo Aqua had announced plans to diversify into the exploration for minerals and mining business, with the proposed acquisition of the entire equity stake in Wullersdorf Resources Sdn Bhd for RM131 million.
Borneo Aqua shares closed down two sen or 1.74 % at RM1.13 today, with a market capitalisation of RM484.78 million.
(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.)