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Notable Trades DBE Gurney MD ups stake to 13%, chairman ceases to be substantial shareholder

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Notable Trades DBE Gurney MD ups stake to 13%, chairman ceases to be substantial shareholder

Post by Cals Tue 10 May 2016, 10:22

Notable Trades

[size=28]DBE Gurney MD ups stake to 13%, chairman ceases to be substantial shareholder

By Chester Tay / theedgemarkets.com | May 9, 2016 : 8:29 PM MYT

KUALA LUMPUR (May 9): DBE Gurney Resources Bhd's managing director Datuk Ding Seng Huat has raised his direct shareholding in the integrated poultry company to 13.08%, from 9.9% previously.

In a filing with Bursa Malaysia today, DBE Gurney said Ding made an off-market acquisition of 25 million shares, or a 3.18% stake, at four sen apiece today.

Subsequent to the acquisition, Ding's direct shareholding in the company is 102.9 million shares or a 13.08% stake.

In a separate filing, DBE Gurney said its executive chairman Datuk Ding Chong Chow has ceased to be its substantial shareholder after an off-market disposal of 28.52 million shares, or a 3.62% stake, by Fortune Junction Sdn Bhd, a company in which he is deemed to have an interest.

The disposal, which was transacted at four sen per share as well, has resulted in Chong Chow's direct shareholding being reduced to 16.14 million shares or a 2.05% stake.

DBE Gurney traded unchanged at 4.5 sen today, valuing it at RM37.91 million.

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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