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NewsNotable Trade Country Heights sees 3.3% stake crossed off-market for RM10m
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Notable Trade Country Heights sees 3.3% stake crossed off-market for RM10m
by Cals Tue 03 Mar 2015, 00:38
Notable Trade
Country Heights sees 3.3% stake crossed off-market for RM10m
By Chester Tay / theedgemarkets.com | March 2, 2015 : 8:56 PM MYT
KUALA LUMPUR (March 2): Property developer [size=14]Country Heights Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.7; valuation: 1.2) saw 9.09 million of its shares, representing a 3.3% stake in the company, traded off-market today for RM10 million.
According to Bloomberg data, the transaction was done through a single trading block at RM1.10, or a 14% discount from the closing price of RM1.28 today. The deal was valued at RM10 million.
It is not known who were the parties involved in the transaction at press time.
The major shareholder of Country Heights is Tan Sri Lee Kim Tiong @ Lee Kim Yew, who holds a 32.5% direct stake and a 28.38% indirect stake in the company.
Country Heights shares rose four sen or 3.23% to close at RM1.28 today, valuing the group at RM352.78 million.
[size=12](Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)[/size]
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Country Heights sees 3.3% stake crossed off-market for RM10m
By Chester Tay / theedgemarkets.com | March 2, 2015 : 8:56 PM MYT
KUALA LUMPUR (March 2): Property developer [size=14]Country Heights Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.7; valuation: 1.2) saw 9.09 million of its shares, representing a 3.3% stake in the company, traded off-market today for RM10 million.
According to Bloomberg data, the transaction was done through a single trading block at RM1.10, or a 14% discount from the closing price of RM1.28 today. The deal was valued at RM10 million.
It is not known who were the parties involved in the transaction at press time.
The major shareholder of Country Heights is Tan Sri Lee Kim Tiong @ Lee Kim Yew, who holds a 32.5% direct stake and a 28.38% indirect stake in the company.
Country Heights shares rose four sen or 3.23% to close at RM1.28 today, valuing the group at RM352.78 million.
[size=12](Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)[/size]
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