KUALA LUMPUR (Dec 4): Lembaga Tabung Haji has ceased to be a substantial shareholder of Hunza Properties Bhd, following the disposal of 10.5 million unit shares on Dec 1.
While the transacted price of the disposal was not disclosed, the amount of shares represents 4.67% of Hunza's issued and paid-up share capital as at Dec 1, the group's filing on Bursa Malaysia today showed.
Previous filings showed that Tabung Haji held 8.52% in Hunza as at Sept 15. Hence, the disposal today would leave it with about 3.85% in the company.
Hunza is principally engaged in property development, property investment and construction. Year to date, the company's share price has risen 51.34%, from RM1.87 to its closing price of RM2.83 today.
Its latest closing price values the company at RM706.33 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.)