KUALA LUMPUR (March 14) : Everest Champion Sdn Bhd emerged a major shareholder in IPMUDA BHD [] after acquiring 5.7 million shares or 7.87% in the building materials trading firm via an off-market deal.
According to filings to the bourse on Wednesday, Everest Champion had acquired the stake via a married transaction on January 19 this year. Ipmuda shares were not traded on the bourse that day.
Based on the stock’s latest closing price of 68.5 sen on January 16, prior to the off-market transaction, Everest Champion could have paid RM3.9 million for the stake.
Ipmuda shares closed unchanged at 72 sen on Wednesday.
According to filings to the bourse on Wednesday, Everest Champion had acquired the stake via a married transaction on January 19 this year. Ipmuda shares were not traded on the bourse that day.
Based on the stock’s latest closing price of 68.5 sen on January 16, prior to the off-market transaction, Everest Champion could have paid RM3.9 million for the stake.
Ipmuda shares closed unchanged at 72 sen on Wednesday.
