NICE (7139) - Niche Capital sees 5.19% cross off-market
April 15, 2015 : 5:18 PM MYT
KUALA LUMPUR (Apr 15): Niche Capital Emas Holdings Bhd saw 12.1 million shares cross in off market trades this afternoon, representing a 5.19% stake in the company.
Bloomberg data shows the trade was done at 10.5 sen apiece, for a total of RM1.27 million. It is not known who the buyers and sellers of the shares were.
The trade occurred one day before the listing of 35.6 million shares Niche Capital (fundamental: 0.75; valuation: 0.6) issued at 15 sen each under a private placement.
According to Niche Capital's 2013 annual report, the gold jewellery and ornaments manufacturer had two substantial shareholders as at May 9, 2014: Global Gold Holdings Ltd with direct and indirect interests of 10.47% and 0.25% respectively, and Jega Devan M Nadchatiram with direct interest of 10.55%.
At 4.34pm, Niche Capital shares were 0.5 sen or 2.78% higher at 18.5 sen, with 471,000 shares done.
http://www.theedgemarkets.com
April 15, 2015 : 5:18 PM MYT
KUALA LUMPUR (Apr 15): Niche Capital Emas Holdings Bhd saw 12.1 million shares cross in off market trades this afternoon, representing a 5.19% stake in the company.
Bloomberg data shows the trade was done at 10.5 sen apiece, for a total of RM1.27 million. It is not known who the buyers and sellers of the shares were.
The trade occurred one day before the listing of 35.6 million shares Niche Capital (fundamental: 0.75; valuation: 0.6) issued at 15 sen each under a private placement.
According to Niche Capital's 2013 annual report, the gold jewellery and ornaments manufacturer had two substantial shareholders as at May 9, 2014: Global Gold Holdings Ltd with direct and indirect interests of 10.47% and 0.25% respectively, and Jega Devan M Nadchatiram with direct interest of 10.55%.
At 4.34pm, Niche Capital shares were 0.5 sen or 2.78% higher at 18.5 sen, with 471,000 shares done.
http://www.theedgemarkets.com
