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Notable Trade Sona Petroleum sees 1.87% stake crossed off-market
by Cals Wed 06 Jan 2016, 22:27
- Notable Trade
[size=28]Sona Petroleum sees 1.87% stake crossed off-market
By Gho Chee Yuan / theedgemarkets.com | January 6, 2016 : 7:59 PM MYTKUALA LUMPUR (Jan 6): Sona Petroleum Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A), a special purpose acquisition company in the oil and gas industry, saw 26.35 million shares, representing a 1.87% stake in the company, traded off-market today for RM11.72 million.
According to Bloomberg data, the shares were moved in a direct business transaction block at 44.5 sen per share.
However, it is not immediately known as to whom the parties involved in the transactions were.
According to the company's filing, Platinum Autumn Sdn Bhd is the largest shareholder in the company with 282.14 million shares, or a direct stake of 30%, as at May 5, 2015.
This is followed by Credit Suisse Securities (Europe) Ltd with a shareholding of 154.88 million or a 10.98% stake as at Dec 31, 2015.
Sona Petroleum shares closed at 44.5 sen today, valuing it at RM634.82 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.)
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