Xian Leng sees 13.1% traded off-market at a premium

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KUALA LUMPUR (April 23): Fish breeder Xian Leng Holdings Bhd saw 10.42 million shares or a 13.1% stake traded off-market yesterday.

Bloomberg data showed that the shares were traded at 58 sen apiece, a 34.88% premium to the day's unchanged trading price of 43 sen.

The shares had been traded in five direct business transactions between 3.11pm and 3.36pm yesterday. Parties involved in the transaction were not immediately known.

Xian Leng's largest shareholder is group executive director Datuk Ng Jet Heong, who holds an 11.73% stake.

The group most recently posted a full-year net loss of RM925,000 for the year ended Jan 31, 2019. This was down from a net profit of RM79,000 in the previous year as the sales volume and price of Arowana fish sold declined.

Revenue for the latest financial year had declined to RM12.97 million from RM13.2 million a year ago.