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Notable Trade Press Metal CEO buys additional 10m shares
by Cals Fri 10 Jul 2015, 00:45
Notable Trade
Press Metal CEO buys additional 10m shares
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By Levina Lim / theedgemarkets.com | July 10, 2015 : 12:01 AM MYT
KUALA LUMPUR (July 9): Co-founder and group chief executive officer of [size=14]Press Metal Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) Datuk Koon Poh Keong has raised his stake in the company after buying 10 million shares.
In a filing with Bursa Malaysia today, Press Metal (fundamental: 0.95; valuation: 2.0) said Koon bought the shares on July 7 at RM2.40 per share, which cost him RM24 million.
After the share purchase, he holds a direct stake of 16.99% or 220.66 million shares in Press Metal. Koon also holds an indirect stake of 26.7% in the aluminum products manufacturer.
The indirect stake is by virtue of holdings by his spouse, Datin Khoo Ee Pheng – who owns a direct 2.09% equity interest or 27.18 million shares in Press Metal – as well as well as a company associated with Koon, Alpha Milestone Sdn Bhd.
Press Metal closed at RM2.47 today, 3 sen or 1.23% higher, bringing its market capitalisation to RM3.168 billion.
(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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Press Metal CEO buys additional 10m shares
[You must be registered and logged in to see this image.]
By Levina Lim / theedgemarkets.com | July 10, 2015 : 12:01 AM MYT
KUALA LUMPUR (July 9): Co-founder and group chief executive officer of [size=14]Press Metal Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) Datuk Koon Poh Keong has raised his stake in the company after buying 10 million shares.
In a filing with Bursa Malaysia today, Press Metal (fundamental: 0.95; valuation: 2.0) said Koon bought the shares on July 7 at RM2.40 per share, which cost him RM24 million.
After the share purchase, he holds a direct stake of 16.99% or 220.66 million shares in Press Metal. Koon also holds an indirect stake of 26.7% in the aluminum products manufacturer.
The indirect stake is by virtue of holdings by his spouse, Datin Khoo Ee Pheng – who owns a direct 2.09% equity interest or 27.18 million shares in Press Metal – as well as well as a company associated with Koon, Alpha Milestone Sdn Bhd.
Press Metal closed at RM2.47 today, 3 sen or 1.23% higher, bringing its market capitalisation to RM3.168 billion.
(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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