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Notable Trade Sanichi sees MD raise stake by 1.2%

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Notable Trade Sanichi sees MD raise stake by 1.2% Empty Notable Trade Sanichi sees MD raise stake by 1.2%

Post by Cals Wed 07 Jan 2015, 09:42

Notable Trade
Sanichi sees MD raise stake by 1.2%

KUALA LUMPUR (Jan 6): Sanichi Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) saw its managing director Datuk Dr Pang Chow Huat acquiring an additional 12.5 million shares or a 1.2% stake in the plastic injection mould maker on Jan 2, via open market transaction.
According to Sanichi’s Bursa Malaysia filing today, Pang’s stake has reached 3.28%, subsequent to the acquisition of shares in the open market last Friday.
Also the founder of Sanichi, Pang’s ownership in the group was merely 0.35%, before he began increasing his shareholding since mid-October 2014.
The group’s largest shareholder is currently Pelaburan MARA Bhd with an 11.09% stake, followed by Mah Wee Hian @ Mah Siew Kung who holds 9.88% stake, according to filings with the bourse.
Sanichi’s share price appreciated half sen or 5.88% to nine sen today, with 4.21 million shares changing hands. Its market capitalisation stood at RM91.25 million.
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