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Abdul Rahman sells 9.85% stakes in GBH
by Cals Sat 25 Oct 2014, 02:06
Notable Trade
Abdul Rahman sells 9.85% stakes in GBH
By Chen Shaua Fui / TheEdge Markets.com | October 24, 2014 : 6:58 PM MYT
KUALA LUMPUR (Oct 24): Datuk Abdul Rahman Mohamed Shariff, who terminated an asset injection exercise in Goh Ban Huat Bhd (GBH) ( Financial Dashboard), has sold some 18.3 million shares or 9.85% equity stake in the ceramic ware manufacturer, through direct off market deal last Friday (Oct 17).
Abdul Rahman, the managing director and 99.8% owner of oil and gas service company Dynac Sdn Bhd, has ceased to be the substantial shareholder in GBH.
Abdul Rahman had initially signed a Memorandum of Understanding with GBH to undergo a reverse takeover (RTO) in July. However, the plan was aborted in September.
Abdul Rahman acquired the block of shares on July 7, to pave way for the RTO exercise.
GBH closed at RM1.55 today, with a market capitalization of RM288.16 million.
Abdul Rahman sells 9.85% stakes in GBH
By Chen Shaua Fui / TheEdge Markets.com | October 24, 2014 : 6:58 PM MYT
KUALA LUMPUR (Oct 24): Datuk Abdul Rahman Mohamed Shariff, who terminated an asset injection exercise in Goh Ban Huat Bhd (GBH) ( Financial Dashboard), has sold some 18.3 million shares or 9.85% equity stake in the ceramic ware manufacturer, through direct off market deal last Friday (Oct 17).
Abdul Rahman, the managing director and 99.8% owner of oil and gas service company Dynac Sdn Bhd, has ceased to be the substantial shareholder in GBH.
Abdul Rahman had initially signed a Memorandum of Understanding with GBH to undergo a reverse takeover (RTO) in July. However, the plan was aborted in September.
Abdul Rahman acquired the block of shares on July 7, to pave way for the RTO exercise.
GBH closed at RM1.55 today, with a market capitalization of RM288.16 million.
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