Tabung Haji raises stake in Cypark to 10.17%

-A +A

KUALA LUMPUR (Sept 28): Lembaga Tabung Haji (LTH) has raised its stake in Cypark Resources Bhd to 10.17%, from 8.52%, after purchasing four million shares over a four-day trading period last week.

In its Bursa Malaysia announcement today, Cypark Resources said LTH purchased a million shares a day from Sept 21 till Sept 23, and another million on Sept 25.

The purchase price was, however, not disclosed.

This raised LTH’s total shares in Cypark Resources to 24.58 million shares.

Year-to-date, the share price of Cypark Resources, which provides integrated environmental engineering services such as landfill restoration and waste water management treatment, has dropped by 21.4% or 46 sen.

Its shares closed at RM1.69 after some 62,700 shares were traded, for a market capitalisation of RM410.7 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.)