KAWAN (7216) - Kawan Food chairman sells 2% stake for RM6.37 mil
KUALA LUMPUR (April 10): Kawan Food Bhd ( Financial Dashboard) founder and chairman Datuk Gan Thiam Chai has sold some 3.5 million shares in the company for RM6.37 million.
In a filing with Bursa Malaysia today, Kawan Food (fundamental: 3; valuation: 1.1) said Gan disposed of 3.537 million shares, equivalent to a 1.93% stake at RM1.80 apiece on April 8, via a direct business transaction.
Following the disposal, Gan still has 56.4 million shares or a 30.84% stake in the manufacturer of frozen Asian food delicacies.
The stock closed one sen or 0.52% lower at RM1.92 today, translating into a market capitalisation of RM352.94 million.
http://www.theedgemarkets.com
KUALA LUMPUR (April 10): Kawan Food Bhd ( Financial Dashboard) founder and chairman Datuk Gan Thiam Chai has sold some 3.5 million shares in the company for RM6.37 million.
In a filing with Bursa Malaysia today, Kawan Food (fundamental: 3; valuation: 1.1) said Gan disposed of 3.537 million shares, equivalent to a 1.93% stake at RM1.80 apiece on April 8, via a direct business transaction.
Following the disposal, Gan still has 56.4 million shares or a 30.84% stake in the manufacturer of frozen Asian food delicacies.
The stock closed one sen or 0.52% lower at RM1.92 today, translating into a market capitalisation of RM352.94 million.
http://www.theedgemarkets.com