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Notable Trade OSK Ventures ceases to be Handal substantial shareholder
by Cals Wed 22 Apr 2015, 20:41
Notable Trade
OSK Ventures ceases to be Handal substantial shareholder
KUALA LUMPUR (Apr 22): OSK Ventures International Bhd has pared its shareholdings in Handal Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), ceasing to be a substantial shareholder in the offshore crane service provider.
Bursa Malaysia filings showed that OSK Ventures sold 886,600 shares through the open market on April 16, 2015 at 38.6 sen per share, for a total of RM342,227.
Based on Handal Resources' (fundamental: 1.4; valuation: 1.7) issued capital of 159.89 million shares, the disposal leaves OSK Ventures with 7.5 million shares or a 4.7% stake.
OSK Ventures first emerged as a substantial shareholder of Handal Resources with 10.72 million shares or a 6.7% stake on April 13, 2011.
Handal Resources shares closed 1.5 sen or 3.95% lower at 36.5 sen today, for a market capitalisation of RM58.36 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.)
OSK Ventures ceases to be Handal substantial shareholder
KUALA LUMPUR (Apr 22): OSK Ventures International Bhd has pared its shareholdings in Handal Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), ceasing to be a substantial shareholder in the offshore crane service provider.
Bursa Malaysia filings showed that OSK Ventures sold 886,600 shares through the open market on April 16, 2015 at 38.6 sen per share, for a total of RM342,227.
Based on Handal Resources' (fundamental: 1.4; valuation: 1.7) issued capital of 159.89 million shares, the disposal leaves OSK Ventures with 7.5 million shares or a 4.7% stake.
OSK Ventures first emerged as a substantial shareholder of Handal Resources with 10.72 million shares or a 6.7% stake on April 13, 2011.
Handal Resources shares closed 1.5 sen or 3.95% lower at 36.5 sen today, for a market capitalisation of RM58.36 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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