Tony Tiah continues to up stake in TA Global

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KUALA LUMPUR (May 12): TA Global Bhd executive chairman Datuk Tony Tiah Thee Kian has bumped up his stake in the company by 0.03% via three separate transactions that brought him an additional 1.6 million shares between May 7 and May 11.

According to the company’s filing with the bourse today, the shares were bought for 32 sen a piece, translating to a total purchase price of RM527,072.

Following the acquisition, Tiah holds some 642.7 million shares, or a 12.08% equity stake in TA Global (fundamental: 1.2; valuation: 2).

Tiah, who held 11.95% in the company on April 8, has been seen accumulating shares in the company recently.

TA Global closed unchanged at 32 sen today, giving it a market capitalisation of RM1.7 billion.

(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.)