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NewsNotable Trade Cycas buys more shares in GHL Systems
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Notable Trade Cycas buys more shares in GHL Systems
by Cals Sun 14 Dec 2014, 18:28
Notable Trade
Cycas buys more shares in GHL Systems
By Jeffrey Tan / theedgemarkets.com | December 12, 2014 : 8:00 PM MYT
KUALA LUMPUR (Dec 12): Substantial shareholder Cycas, a unit of the private equity fund Creador Sdn Bhd, has bought more shares in GHL Systems Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), raising its equity interest to 28.5% in the electronic payment solution provider.
The filing with Bursa Malaysia shows Cycas had acquired some 4.1 million shares or 0.6% stake in GHL, betwen Dec 8 and 11.
According to GHL’s 2013 annual report, Cycas emerged as a substantial shareholder early this year, by taking up a private placement of 84.1 million new shares, which is equivalent to 20% stake.
GHL share price has retreated from its historical high of 91 sen in late October, to the recent low of 66.5 sen on Dec 9. The stock gained 0.5 sen to 70 sen, giving it a market capitalisation of RM447.6 million.
Cycas buys more shares in GHL Systems
By Jeffrey Tan / theedgemarkets.com | December 12, 2014 : 8:00 PM MYT
KUALA LUMPUR (Dec 12): Substantial shareholder Cycas, a unit of the private equity fund Creador Sdn Bhd, has bought more shares in GHL Systems Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), raising its equity interest to 28.5% in the electronic payment solution provider.
The filing with Bursa Malaysia shows Cycas had acquired some 4.1 million shares or 0.6% stake in GHL, betwen Dec 8 and 11.
According to GHL’s 2013 annual report, Cycas emerged as a substantial shareholder early this year, by taking up a private placement of 84.1 million new shares, which is equivalent to 20% stake.
GHL share price has retreated from its historical high of 91 sen in late October, to the recent low of 66.5 sen on Dec 9. The stock gained 0.5 sen to 70 sen, giving it a market capitalisation of RM447.6 million.
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