HOVID (7213) - Notable Trade - KWAP emerges as substantial shareholder in Hovid
April 20, 2015 : 5:37 PM MYT
KUALA LUMPUR (Apr 20): Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd ( Financial Dashboard), following the retirement fund's purchase of five million shares on the open market on Apr 8.
According to Hovid's Bursa Malaysia filing today, KWAP had 38.5 million shares or a 5.042% stake in the company as at April 8.
On April 9, KWAP acquired a further two million shares, increasing its stake in Hovid (fundamental: 2.1; valuation: 0.5) to 5.3% or 40.5 million shares.
Hovid shares closed one sen higher or 1.92% at 53 sen today with a market capitalisation of RM408.99 million.
http://www.theedgemarkets.com
April 20, 2015 : 5:37 PM MYT
KUALA LUMPUR (Apr 20): Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd ( Financial Dashboard), following the retirement fund's purchase of five million shares on the open market on Apr 8.
According to Hovid's Bursa Malaysia filing today, KWAP had 38.5 million shares or a 5.042% stake in the company as at April 8.
On April 9, KWAP acquired a further two million shares, increasing its stake in Hovid (fundamental: 2.1; valuation: 0.5) to 5.3% or 40.5 million shares.
Hovid shares closed one sen higher or 1.92% at 53 sen today with a market capitalisation of RM408.99 million.
http://www.theedgemarkets.com
