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Notable Trade iDimension Consolidated sees 4.7% stake traded off market
by Cals Thu 30 Oct 2014, 01:40
Notable Trade
iDimension Consolidated sees 4.7% stake traded off market
KUALA LUMPUR (Oct 29): Ace Market-listed iDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) saw 20 million shares, or 4.7% equity stake, changing hands in three separate off market trades this afternoon,Bloomberg data shows.
The shares were transacted at 10.3 sen apiece, an 8.4% premium over the trading price of 9.5 sen at the time of writing, for a total of RM2.06 million.
It is not known who the buyer or seller of the shares were.
Bursa filings show Singapore-based Advance Capital Partners Pte Ltd had re-emerged as a substantial shareholder in the company with a 7.06% stake, following the conversion of redeemable convertible preference shares, pursuant to a subscription agreement.
The subscription agreement was signed between iDimension, Advance Opportuinities Fund and Advance Capital Partners on Dec 6 last year.
Advance Capital Partners had first emerged as a susbstantial shareholder in iDimension on Sept 15 with the acquisition of a 12.43% stake or 47.05 million shares, before ceasing to be a substantial shareholder last month.
At 4.19pm, iDimension was 0.5 sen or 5.56% higher at 9.5 sen, with a market capitalisation of RM38.24 million.
iDimension Consolidated sees 4.7% stake traded off market
KUALA LUMPUR (Oct 29): Ace Market-listed iDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) saw 20 million shares, or 4.7% equity stake, changing hands in three separate off market trades this afternoon,Bloomberg data shows.
The shares were transacted at 10.3 sen apiece, an 8.4% premium over the trading price of 9.5 sen at the time of writing, for a total of RM2.06 million.
It is not known who the buyer or seller of the shares were.
Bursa filings show Singapore-based Advance Capital Partners Pte Ltd had re-emerged as a substantial shareholder in the company with a 7.06% stake, following the conversion of redeemable convertible preference shares, pursuant to a subscription agreement.
The subscription agreement was signed between iDimension, Advance Opportuinities Fund and Advance Capital Partners on Dec 6 last year.
Advance Capital Partners had first emerged as a susbstantial shareholder in iDimension on Sept 15 with the acquisition of a 12.43% stake or 47.05 million shares, before ceasing to be a substantial shareholder last month.
At 4.19pm, iDimension was 0.5 sen or 5.56% higher at 9.5 sen, with a market capitalisation of RM38.24 million.
Cals- Administrator
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