KUALA LUMPUR (Jan 25): Shares of DBE Gurney Resources Bhd, which were very actively traded last week, reported that its director had disposed of 12 million shares on Jan 18.
The poultry-based company said on Wednesday that Ding Seng Huat had disposed of the shares, representing a 1.78% stake, at an average price of 8.0 sen each.
To recap on Jan 19, DBE confirmed it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
DBE also said it had plans for a private placement to raise funds for its working capital requirement but it was “at preliminary stage”.
The poultry-based company said on Wednesday that Ding Seng Huat had disposed of the shares, representing a 1.78% stake, at an average price of 8.0 sen each.
To recap on Jan 19, DBE confirmed it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
DBE also said it had plans for a private placement to raise funds for its working capital requirement but it was “at preliminary stage”.
