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Chan emerges as substantial shareholder in Imaspro
by Cals Thu 02 Apr 2015, 21:01
Chan emerges as substantial shareholder in Imaspro
By Supriya Surendran / theedgemarkets.com | April 1, 2015 : 11:07 PM MYT
KUALA LUMPUR (Apr 1): Chan Weng Fui, a close associate of Datuk Dr Yu Kuan Chon, has emerged as a substantial shareholder in pesticide manufacturer Imaspro Corp Bhd.
In a filing with Bursa Malaysia today, it was revealed that Chan, who is an independent and non executive director of Imaspro, had purchased 590,000 shares at a price of RM1.70 per share on March 23, 2015, bringing his total shareholdings in the company to 4.39 million or a 5.49% stake.
Dr Yu is also a substantial shareholder in Imaspro with shareholdings of 9.94 million, representing a 12.38% stake in the company.
Imaspro (fundamental :1.45; valuation :0.6) shares closed down 1 sen or 0.54% to RM1.84 today, with a market capitalisation of RM148 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.)
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By Supriya Surendran / theedgemarkets.com | April 1, 2015 : 11:07 PM MYT
KUALA LUMPUR (Apr 1): Chan Weng Fui, a close associate of Datuk Dr Yu Kuan Chon, has emerged as a substantial shareholder in pesticide manufacturer Imaspro Corp Bhd.
In a filing with Bursa Malaysia today, it was revealed that Chan, who is an independent and non executive director of Imaspro, had purchased 590,000 shares at a price of RM1.70 per share on March 23, 2015, bringing his total shareholdings in the company to 4.39 million or a 5.49% stake.
Dr Yu is also a substantial shareholder in Imaspro with shareholdings of 9.94 million, representing a 12.38% stake in the company.
Imaspro (fundamental :1.45; valuation :0.6) shares closed down 1 sen or 0.54% to RM1.84 today, with a market capitalisation of RM148 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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