KUALA LUMPUR (Jan 26): A total of 10 million shares representing an interest of 6.2% in OPCOM Holdings Bhd were traded off-market on Thursday.
At 60 sen apiece, the off-market transaction was valued at RM6 million. Parties involved in the transaction are not known at press time.
On the open market, the counter saw 57,000 shares change hands to close 1.63% or one sen lower at 60.5 sen.
OPCOM’s shares hit a three-month high of 63.5 sen earlier this year before paring gains. Year-to-date, the counter traded unchanged.
In its second quarter ended Sept 30, 2016 (2QFY16), profit for the technology hardware and equipment supplier slid 3.59% to RM1.91 million from RM1.98 million last year, while revenue dropped 12.52% to RM23.41 million from RM26.77 million previously.
On Dec 15, 2016, OPCOM’s subsidiary Opcom Cables Sdn Bhd bagged a RM28.03 million contract from Telekom Malaysia Bhd to supply and deliver a series of plastic-based materials from Dec 6, 2016 to Dec 5, 2019.
Opcom Holdings Bhd’s substantial shareholder Datuk Seri Mukhriz Mahathir sold 10 million shares in the company to Rezeki Tegas Sdn Bhd, controlled by Ailida Baharum, through an off-market trade on Jan 26. The shares were transacted at 60 sen apiece. The company produces fibre-optic cables.
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nkk53
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Posted by nkk53 > 2016-12-27 11:29 | Report Abuse
Still holding below 0.60