Monday, 7 May 2012

15% stake of Sarawak Cable done off-market

KUALA LUMPUR (May 7): Some 20.74 million shares or a 15.4% stake in Sarawak Cable Bhd were traded off-market on Monday morning.

The tranche worth RM35.3 million was done in an off market cross trade at RM1.71 per share, which is a 10.5% discount to its current market price of RM1.91.

As at 3pm, no Sarawak Cable shares had been traded on the open market today.

It is believed that the shares were disposed by Leaders Universal Holdings Bhd. According to the latest Bursa filing, Leader Universal holds a 15.4% stake in Sarawak Cable.

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