The RM61mil worth of Lay Hong Bhd shares that were sold last week by QL Resources Bhd were acquired by a group of high net worth individuals, sources said.
The identity of the said individuals are yet to be known, but the transaction involving QL Resources’ disposal of its entire block of 19.87 million shares in Lay Hong, seems to have irked the market.
Lay Hong shares fell 5% yesterday to close at RM3.71 a piece, reflecting the significant discount to the price that QL Resources offloaded its block.
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The identity of the said individuals are yet to be known, but the transaction involving QL Resources’ disposal of its entire block of 19.87 million shares in Lay Hong, seems to have irked the market.
Lay Hong shares fell 5% yesterday to close at RM3.71 a piece, reflecting the significant discount to the price that QL Resources offloaded its block.
For Free Signals and other KLSE online updates, click here 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
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