Bursa Alert
Global Market
NewsBumi Armada sees 216.35m shares crossed off-market
Page 1 of 1
Bumi Armada sees 216.35m shares crossed off-market
by hlk Fri 27 Apr 2012, 19:14
KUALA LUMPUR: Bumi Armada Bhd's 216.35 million shares were transacted in several off-market deals on Friday at an average price of RM3.95.
The shares represented a 7.38% stake in the company, which has a paid-up of 2.928 billion shares.
At 4.05pm, Bumi Armada shares fell 18 sen to RM4.04 while the call warrants Bumi Armada-CA fell 15 sen to 26 sen and Bumi Armada-CD lost 10.5 sen to 26 sen.
The FBM KLCI fell 10.87 points to 1,568.82. Turnover was 1.05 billion shares valued at RM966.47mil. There were 237 gainers, 454 losers and 300 stocks unchanged.
A news report said Ananda Krishnan and his bumiputera partners would sell roughly 15% of Bumi Armada shares in private placements to local and foreign institutional investors in a deal that will raise close to RM2bil.
The report, quoting sources, said the sale of roughly 440 million shares would reduce the joint holdings of Ananda and his partners to 55%. The shares will be placed at a 3%-6% discount. The share price closed at RM4.22 on Thursday.
The shares represented a 7.38% stake in the company, which has a paid-up of 2.928 billion shares.
At 4.05pm, Bumi Armada shares fell 18 sen to RM4.04 while the call warrants Bumi Armada-CA fell 15 sen to 26 sen and Bumi Armada-CD lost 10.5 sen to 26 sen.
The FBM KLCI fell 10.87 points to 1,568.82. Turnover was 1.05 billion shares valued at RM966.47mil. There were 237 gainers, 454 losers and 300 stocks unchanged.
A news report said Ananda Krishnan and his bumiputera partners would sell roughly 15% of Bumi Armada shares in private placements to local and foreign institutional investors in a deal that will raise close to RM2bil.
The report, quoting sources, said the sale of roughly 440 million shares would reduce the joint holdings of Ananda and his partners to 55%. The shares will be placed at a 3%-6% discount. The share price closed at RM4.22 on Thursday.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Tan Chong sees 1.02m shares crossed at 6.8% above market price
» Cworks sees 6m shares crossed sharply below market price
» SMPC Corp sees shares crossed sharply below market price (7099)
» Notable Trade Voir sees 50.7% of shares crossed off market at steep discount
» Atlan sees 20m shares crossed
» Cworks sees 6m shares crossed sharply below market price
» SMPC Corp sees shares crossed sharply below market price (7099)
» Notable Trade Voir sees 50.7% of shares crossed off market at steep discount
» Atlan sees 20m shares crossed
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum