Notable Trade Dr Yu trades YNH shares, raises stake to 14.1%

by **Cals** Wed 08 Apr 2015, 20:28

Notable Trade
Dr Yu trades YNH shares, raises stake to 14.1%

By Meena Lakshana / theedgemarkets.com | April 8, 2015 : 6:09 PM MYT

KUALA LUMPUR (April 8): [size=14]YNH Property Bhd (YNH) chairman and executive director Datuk Dr Yu Kuan Chon has increased his stake in the company.

In a filing with Bursa Malaysia, Kuan Chon purchased 1.66 million shares in the property developer via the open market and disposed 680,000 shares of his direct interest off-market from April 3 to April 7.

As at April 7, Kuan Chon had 14.1% and 18.62% direct and indirect stakes respectively, in YNH (fundamental: 0.6, valuation: 1.6).

His elder brother and YNH managing director Datuk Yu Kuan Huat also purchased 1.66 million shares in YNH via the open market and disposed 680,000 shares of his direct interest off-market in the same period.

As at April 7, Kuan Huat had direct and indirect stakes of 14.77% and 17.92% respectively, in YNH.

theedgemarkets.com had reported earlier today that Kuan Chon had increased his stake in Imaspro Corp Bhd ([You must be registered and logged in to see this image.]Financial Dashboard) to 12.24 million shares or 15.3% equity interest.

Kuan Chon had emerged as a substantial shareholder in pesticides and agrochemicals manufacturer and distributor Imaspro (fundamental: 1.45; valuation: 0.8) on March 16 this year, with a 5.5% stake in the company, after acquiring an additional 1.33 million Imaspro shares.

YNH shares closed 3 sen or 1.56% higher at RM1.95, with a market capitalisation of RM784.53 million.

Imaspro shares closed unchanged at RM1.77, with a market capitalisation of RM140 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
[/size]