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Notable Trade Tabung Haji increases stake in Notion VTec to 6.76%

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Notable Trade Tabung Haji increases stake in Notion VTec to 6.76% Empty Notable Trade Tabung Haji increases stake in Notion VTec to 6.76%

Post by Cals Wed 07 Jan 2015, 09:41

Notable Trade
Tabung Haji increases stake in Notion VTec to 6.76%

KUALA LUMPUR (Jan 6): Lembaga Tabung Haji (LTH) has acquired an additional 812,000 shares or 0.3% in precision parts maker Notion VTec Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), bringing its holding to 18.15 million shares or 6.76%.
In a filing with Bursa Malaysia today, it was revealed that the acquisition comprised three blocks. The first block involving 89,800 shares in Notion VTec, was made on Dec 29, 2014, while another block of 315,000 shares was acquired on Dec 30 and 407,200 shares on Dec 31.
Notion VTec’s largest shareholder is its managing director William Choo Wing Hong who holds a 11.98% stake, followed by its executive director John Choo Wing Onn with a 10.2% stake and its executive chairman Thoo Chow Fah who owns 9.49% in the company.
Japan’s Nikon Corp holds a 9.44% stake in Notion VTec.
Notion VTec shares were last traded down 9.89% at 41 sen on Jan 5, 2015, giving it a market capitalisation of RM110 million.
Cals
Cals
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
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