Takaso sees 18.8% of its shares cross off-market in 2 days


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KUALA LUMPUR (July 22): Baby products and condoms maker Takaso Resources Bhd saw 38.43 million of its shares, representing an 18.8% stake in the company, crossed off-market today and yesterday for RM13.69 million.

According to Bloomberg data, out of the shares traded, 32.43 million shares were moved at 33 sen apiece, while the remainder 6 million shares were moved at 50 sen each.

It is not known immediately who the parties involved in the transactions were.

The current three largest shareholders of Takaso are: OCR Land Holdings Sdn Bhd (15.01%), Nextplus Fortune Sdn Bhd (14.46%) and Kombinasi Emas Sdn Bhd (8.94%).

OCR is the vehicle of Takaso executive director Ong Kah Hoe, while Nextplus is the vehicle of Takaso executive chairman Tee Tze Chern.

Kombinasi Emas, meanwhile, is controlled by Pesona Metro Holdings Bhd managing director Wie Hock Beng. His other vehicle, Sincere Goldyear Sdn Bhd, holds 6.84% in Takaso.

Shares of Takaso (fundamental: 1.65; valuation: 0.3), which is also in construction and property, closed up 3 sen or 6.38% today at 50 sen with a market capitalisation of RM102.15 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.)