Pelaburan Mara snaps up 53m Sanichi shares

KUALA LUMPUR: Pelaburan Mara Bhd has increased its shareholding in ACE Market listed Sanichi Technology Bhd with the recent purchase of 53 million shares.

A filing with the automotive  plastic injection moulding company showed Pelaburan Mara had purchased the shares in an off-market deal on Tuesday.

The latest acquisition has raised its stake to 15.33% or 80 million shares.

Another filing showed that 60 million Sanichi shares were disposed of by TASec Nominees (Asing) Sdn Bhd (TA Capital Sdn Bhd) for Herbert Tucakovic on Tuesday.

After the disposal, his stake was reduced to 5.75% or 30 million shares.

A news report said Tucakovic is the president of Protev Asia Ltd, a German company, which recently teamed up with China Automobile Parts Holdings Ltd to distribute parts in the European automotive industry.

 The Star Online-Sep 3, 2014