Notable Trades Bioalpha sees 3.9% of its shares traded off-market

by **Cals** Wed 04 May 2016, 00:09

Notable Trades

[size=28]Bioalpha sees 3.9% of its shares traded off-market

By Tan Siew Mung / theedgemarkets.com | May 3, 2016 : 11:04 PM MYT
KUALA LUMPUR (May 3): Integrated health supplements manufacturer Bioalpha Holdings Bhd saw 3.9% of its shares traded off market today, for a total value of RM6.38 million.
According to Bloomberg data, the transaction prices were between 32.5 sen to 35 sen per share, represents discount of between 2.78% and 9.7% to its closing price of 36 sen.
The shares were moved in seven blocks, ranging from 335,900 to 6 million per block, for a value of between RM117,570 to RM1.95 million.
At press time, it was unknown as to who the parties involved in the trades were.
Bloomberg data showed, as at May 3, the group’s managing director and chief executive officer Hon Tian Kok is the group's largest shareholder, with a 16.31% stake.
Based on bourse filings, Hon has been actively trading in the company's shares recently. He acquired about 9.01 million shares in the group between March 22 and 25 at 40 sen per share, but also disposed of 11.5 million shares at 44 sen per share at March 30.
As at May 3, he remains the group’s largest shareholder, holding a 16.31% stake in the group.
Malaysian Technology Development Corp (MTDC), is the second largest shareholder of the group, with a 16.08% stake after trimming a million shares between March 17 and 22 from its holding.
Perbadanan Nasional Bhd, meanwhile, has sold 7.01 million shares in the company at 40 sen per share from March 22 to 28, thus reducing its stake in the company to 14.06%.
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