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SMRT & Masterskill suspend trading

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SMRT & Masterskill suspend trading Empty SMRT & Masterskill suspend trading

Post by Cals Tue 11 Nov 2014, 02:03

SMRT & Masterskill suspend trading
By Yen Ne Foo / TheEdge Markets.com   | November 10, 2014 : 2:31 PM MYT   


KUALA LUMPUR (Nov 10): Trading of shares for two education counters, SMRT Holdings Bhd (SMRT) andMasterskill Education group Bhd (Masterskill) ([You must be registered and logged in to see this image.] Financial Dashboard), have been suspended from 2.30pm today pending an announcement.
The separate announcements came after The Edge Financial Daily reported on Nov 7, 2014 that a new substantial shareholder would emerge in Masterskill after 30 million of its shares changed hands in two off-market transactions last week.
The name of Masterskill’s latest substantial shareholder has not been revealed but Ace Market-listed technology solutions provider, SMRT has been rumoured to be a possible buyer.
At the close of the morning trading session, Masterskill’s share price has continued its upward climb seen in the last three months to reach 62 sen. This gives the company a market capitalisation of RM231.29 million.
Meanwhile, SMRT closed at 86 sen before trade was suspended, for a market capitalisation of RM192.84 million.
Cals
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