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Notable Trade 40mil shares in Hap Seng Consolidated traded off market
by Cals Wed 24 Dec 2014, 00:51
Notable Trade
40mil shares in Hap Seng Consolidated traded off market
KUALA LUMPUR (Dec 23): Hap Seng Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), a diversified conglomerate that has interest in plantations, property development, credit financing and automotive, saw 40 million of its shares or 1.87% stakes traded off-market today for RM200 million.
According to Bloomberg data, the block of shares changed hands at RM5 per share, which is a nearly 10% premium over its closing price of RM4.55 today.
Hap Seng share price has been on the upward trajectory since early this year, gainning 51% or RM1.54 per share. Its market capitalisation stood at RM9.72 billion.
For comparison, the stock has outperformed the FBM KLCI, which has declined by 6.32% year-to-date.
For the cumulative nine months ended Sept 30, 2014 (9MFY14), Hap Seng saw its net profit rose 26.8% to RM565.04 million or 27.92 sen per share from RM445.57 million or 21.54 sen per share a year ago, while revenue improved 13.5% to RM2.78 billion from RM2.45 billion previously.
Hap Seng has so far declared total dividend of 25 sen per share, which is nine sen higher than for the amount paid for FY2013 ended Dec 31.
Hap Seng is controlled by Sabah-born tycoon Tan Sri Lau Cho Kun @ Lau Yu Chak with an indirect stake of 74.4%, held via Gek Poh (Holdings) Sdn Bhd and Lei Shing Hong Investment Ltd.
40mil shares in Hap Seng Consolidated traded off market
KUALA LUMPUR (Dec 23): Hap Seng Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), a diversified conglomerate that has interest in plantations, property development, credit financing and automotive, saw 40 million of its shares or 1.87% stakes traded off-market today for RM200 million.
According to Bloomberg data, the block of shares changed hands at RM5 per share, which is a nearly 10% premium over its closing price of RM4.55 today.
Hap Seng share price has been on the upward trajectory since early this year, gainning 51% or RM1.54 per share. Its market capitalisation stood at RM9.72 billion.
For comparison, the stock has outperformed the FBM KLCI, which has declined by 6.32% year-to-date.
For the cumulative nine months ended Sept 30, 2014 (9MFY14), Hap Seng saw its net profit rose 26.8% to RM565.04 million or 27.92 sen per share from RM445.57 million or 21.54 sen per share a year ago, while revenue improved 13.5% to RM2.78 billion from RM2.45 billion previously.
Hap Seng has so far declared total dividend of 25 sen per share, which is nine sen higher than for the amount paid for FY2013 ended Dec 31.
Hap Seng is controlled by Sabah-born tycoon Tan Sri Lau Cho Kun @ Lau Yu Chak with an indirect stake of 74.4%, held via Gek Poh (Holdings) Sdn Bhd and Lei Shing Hong Investment Ltd.
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