White Horse sees 5.7% stake cross off-market for RM29.95m

White Horse sees 5.7% stake cross off-market for RM29.95m
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KUALA LUMPUR (Dec 9): Ceramic, porcelain and wall tiles manufacturer White Horse Bhd saw 13 million of its shares, representing a 5.67% stake in the company, crossed off-market today.

According to Bloomberg data, the chunk of shares was moved in a direct business transaction block, at a price of RM2.304 per share or RM29.95 million in total.

However, parties involved in the transaction were not known at press time.

White Horse’s three largest shareholders are Lembaga Tabung Haji with a 9.8% stake, Trade Favor International Co Ltd with a 9.75% stake, and Fulland Enterprise Co Ltd with a 6.05% stake.

The company also saw 13 million of its shares or a 5.67% stake traded off-market on Dec 3, theedgemarkets.com reported, at a price of RM2.30 per share or RM29.9 million.

White Horse closed 3 sen or 1.29% lower at RM2.30 today, with 2,500 shares done, for a market capitalisation of RM522 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.)