Mobile broadband and networking solutions provider Green Packet Bhd has bought a 22% stake in loss-making Yen Global Bhd for RM18.15mil.
Green Packet said on Wednesday it had acquired the stake comprising 30.25 million shares, confirming a StarBiz report of its venture into the Internet of Things (IoT) through this purchase.
Stock market data showed the shares were transacted in an off-market at at 60 each, which was 26 sen below Tuesday's closing price of 86 sen.
“The purchase price of 60 sen was arrived at on a ‘willing buyer willing seller’ basis after taking into consideration of Yen Global's new business venture in ICT business,” said Green Packet.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Green Packet said on Wednesday it had acquired the stake comprising 30.25 million shares, confirming a StarBiz report of its venture into the Internet of Things (IoT) through this purchase.
Stock market data showed the shares were transacted in an off-market at at 60 each, which was 26 sen below Tuesday's closing price of 86 sen.
“The purchase price of 60 sen was arrived at on a ‘willing buyer willing seller’ basis after taking into consideration of Yen Global's new business venture in ICT business,” said Green Packet.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment