Thursday, February 09, 2012

One More Question For Europlus

Blogged last week: That 7 Billion Highway Project!!!

Now there was one rather interesting news clip regarding Kumpulan Europlus published on the EdgeMalaysia.com on the 6th Jan 2012.

http://www.theedgemalaysia.com/business-news/198946-kumpulan-euros-6m-shares-done-off-mkt-at-97-below-regular-trade.html

  • Kumpulan Euro's 6m shares done off-mkt at 9.7% below regular trade.
    Written by Joseph Chin of theedgemalaysia.com
    Friday, 06 January 2012 15:02

    KUALA LUMPUR (Jan 6): KUMPULAN EUROPLUS BHD [] saw 6.0 million of its shares transacted in an off-market deal at an average price of RM1.11 on Friday.

    Stock market data showed the shares, which were crossed at RM1.11 each, were 9.7% below its regular market trade of RM1.23.

    The 6.0 million shares accounted for just 1.15% of the paid-up of 520.99 million shares.
So 6 Million shares were transacted in an off-market deal at an average price of RM1.11.

What was interesting was this deal was done 20 days before it was announced that KEuro won that amazing 7 Billion Highway Project!!!

Here's a news clip of the project award on 26th Jan 2012.

http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=200012&Itemid=79

Well, I am just curious.... who is the buyer of these 6 million shares at an average price of rm1.11?

Keuro last traded at 1.31.

2 comments:

Me.Myself said...

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J

Moolah said...

Hi, I have added your link.