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Notable Trade MQ Technology's substantial shareholder increases stake
by Cals Thu 09 Apr 2015, 23:21
Notable Trade
MQ Technology's substantial shareholder increases stake
By Jeffrey Tan / theedgemarkets.com | April 9, 2015 : 6:45 PM MYT
KUALA LUMPUR (Apr 9): [size=14]MQ Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)'s substantial shareholder Goh Boon Soo @ Goh Yang Eng has acquired 8.9 million shares of the company or a 3.5% equity interest, bringing his total shareholding to 30 million shares or an 11.8% stake.
A filing with Bursa Malaysia today revealed that Goh had bought the shares off-market in a direct deal. The prices transacted were not disclosed.
MQ Technology (fundamental: 1.35; valuation: 0.6) is involved in high precision mould making and magnetic coil manufacturing for hard disk drives.
The stock closed down 0.5 sen or 3.1% to 15.5 sen today, giving it a market capitalisation of RM40.58 million.
(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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MQ Technology's substantial shareholder increases stake
By Jeffrey Tan / theedgemarkets.com | April 9, 2015 : 6:45 PM MYT
KUALA LUMPUR (Apr 9): [size=14]MQ Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)'s substantial shareholder Goh Boon Soo @ Goh Yang Eng has acquired 8.9 million shares of the company or a 3.5% equity interest, bringing his total shareholding to 30 million shares or an 11.8% stake.
A filing with Bursa Malaysia today revealed that Goh had bought the shares off-market in a direct deal. The prices transacted were not disclosed.
MQ Technology (fundamental: 1.35; valuation: 0.6) is involved in high precision mould making and magnetic coil manufacturing for hard disk drives.
The stock closed down 0.5 sen or 3.1% to 15.5 sen today, giving it a market capitalisation of RM40.58 million.
(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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