KLSE (MYR): TALAMT (2259)
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Last Price
0.03
Today's Change
0.00 (0.00%)
Day's Change
0.025 - 0.03
Trading Volume
115,200
2024-11-28
2024-11-28
2024-11-28
2024-11-28
2024-11-28
2024-11-28
2024-11-28
2024-11-28
Victor Yong
8,271 posts
Posted by Victor Yong > 2019-10-04 11:30 | Report Abuse
Those still doubtful, look at other stocks , those have faith in talamT, invest, as easy as ABC :)
Talam Transform Bhd saw a 9.48% stake or 400 million shares change hands in a single direct deal at a significant premium to open market prices last Tuesday. The block of shares changed hands at RM38 million or 9.5 sen apiece — more than double the day’s closing price of four sen. The stock last closed at 9.5 sen in November 2014. Its unaudited net asset per share was 8.5 sen as at Jan 31 this year.
Non-executive director and major shareholder Tan Sri Chan Ah Chye @ Chan Chong Yoon bought the 400 million shares from WCE Holdings Bhd (formerly Kumpulan Europlus Bhd), being the second tranche that completes a share sale agreement dated Oct 17, 2014, according to an April 30 statement. Chan, who had a 14.41% direct stake and 15.62% indirect stake as at May 2 last year, was already deemed interested in the 400 million shares. Chan was formerly executive chairman prior to his redesignation on Jan 22, 2009.
On April 10, Talam received regulatory approval to place out up to a 10% stake, or just over 422 million new shares, at an indicative price of 4.5 sen per share to raise up to RM18.99 million. The placement is expected by end-June. Some RM2.5 million of the proceeds have been earmarked for the completion of the development of Seroja Apartments in Putra Perdana, Selangor, which will be put up for sale in October.