KUALA LUMPUR (Jan 19): Datin Teh Kim Hong has emerged as a substantial shareholder of Daibochi Plastic and Packaging Industry Bhd, after acquiring 600,000 shares in the packaging materials manufacturer.

In a filing with Bursa Malaysia today, Daibochi (fundamental: 1.5; valuation: 0.9) announced that Teh, who is also the mother of Daibochi’s executive director Low Chan Tian, acquired the shares via the open market last Thursday (Jan 15) at RM4.27 per share.

After the transaction, Teh now holds a direct interest of 5.45% or 6.18 million shares in Daibochi.

Meanwhile, executive directors Datuk Wira Wong Soon Lim and Low Geoff Jin Wei also acquired 150,000 and 220,000 shares respectively in Daibochi, via the open market last Friday (Jan 16).

After the transaction, Wong holds a direct interest of 5.54% or 6.28 million shares in Daibochi, and an indirect interest of 0.7% or 789,450 shares. Meanwhile Low holds 4.19% or 4.75 million shares in the company.

Daibochi closed unchanged at RM4.27, giving it a market capitalisation of RM483.87 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. Go towww.theedgemarkets.com for more details on a company's financial dashboard.)