September 26, 2017 14:50 pm +08 -A+A KUALA LUMPUR (Sept 26): Global financial services company Credit Suisse Group AG through its unit Credit Suisse Securities (Europe) Ltd has emerged as a substantial shareholder in Permaju Industries Bhd with a 5.17% stake.
In a filing to Bursa Malaysia today, Permaju said Credit Suisse Securities had purchased the 9.68 million shares, representing a 5.17% stake in the company, on Sept 21.
Sabah-based Permaju through its automotive division is involved in the distribution of Volkswagen and Ford franchises. The group is also involved in property development activities.
The company is controlled by the Chai family, namely brothers Datuk Chai Kin Loong, Tan Sri Chai Kin Kong and Chai Kim Chong, who control some 18% of the company.
Kin Kong is also the chairman of property developer Aset Kayamas Sdn Bhd. His son Datuk Eddie Chai Woon Chet is the managing director of Bursa Malaysia-listed Anzo Holdings Bhd.
Permaju shares dipped 0.5 sen or 1.5% to 33.5 sen at noon market close, with 719,100 shares changing hands.
Dato chai is one of the common shares holder in Paragon @ KL Northgate, once the project reconfirmed, the price will jump from 0.05 to ABOVE rm 1.00. The only chance anzo has.
I remembered I want to buy on news when it was 60sen last year. For some reason, the price chases too fast so I gave up....today I came back and see....hmm.....
Alex™ I remembered I want to buy on news when it was 60sen last year. For some reason, the price chases too fast so I gave up....today I came back and see....hmm..... 24/08/2018 15:48
Alex bought 30,000 units only at 0.05 sen just now
People still taking about Paragon @ KL Northgate? Old story ..2017. Now already 2018 ... nothing happens ...no update.. the story keep on repeating... like CNN. Cerita sudah basi.
Apr 2017 - RM0.63 volume 115 million Sep 2018 - RM0.05 volume 2 million
Does not look good. From Apr 2017 and after over a year it was noted only downtrend ... plunged until so low. No new annoucement and the management are "sleeping" damn !!
Yup those collecting at 0.05 will have bounty harvest if the price goes up ...good for them!!!
We too really hope price goes up... this stock really suei for me .. value gone down by 65%. But I have to hold on to it ...its more than a year already holding. :(
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bursalord
653 posts
Posted by Bursalord > 2018-08-08 20:12 | Report Abuse
MALAYSIACORPORATE
Notable Trade
Credit Suisse buys 5.17% stake in Permaju Industries
Supriya Surendran
/
theedgemarkets.com
September 26, 2017 14:50 pm +08
-A+A
KUALA LUMPUR (Sept 26): Global financial services company Credit Suisse Group AG through its unit Credit Suisse Securities (Europe) Ltd has emerged as a substantial shareholder in Permaju Industries Bhd with a 5.17% stake.
In a filing to Bursa Malaysia today, Permaju said Credit Suisse Securities had purchased the 9.68 million shares, representing a 5.17% stake in the company, on Sept 21.
Sabah-based Permaju through its automotive division is involved in the distribution of Volkswagen and Ford franchises. The group is also involved in property development activities.
The company is controlled by the Chai family, namely brothers Datuk Chai Kin Loong, Tan Sri Chai Kin Kong and Chai Kim Chong, who control some 18% of the company.
Kin Kong is also the chairman of property developer Aset Kayamas Sdn Bhd. His son Datuk Eddie Chai Woon Chet is the managing director of Bursa Malaysia-listed Anzo Holdings Bhd.
Permaju shares dipped 0.5 sen or 1.5% to 33.5 sen at noon market close, with 719,100 shares changing hands.