K1 Technology Bhd

K1 Technology Bhd

Postby winston » Fri Nov 07, 2014 12:26 pm

not vested

K1 Technology's 14m shares traded off-market at sharp discount

KUALA LUMPUR: K-One Technology Bhd’s 14.1 million shares were traded off-market at 37 sen each on Friday.

Stock market data showed the shares were transacted at a huge discount of 17.5 sen to the current market price of 54.5 sen.

The shares accounted for a 3.76% stake based on its paid-up of 374.54 million shares.

At 12.02pm, K1 was up 5.5 sen to 54.5 sen. It was actively traded with 32.76 million shares done at prices ranging from 49.5 sen to 55 sen.

According to its website, K-One’s niche is in the mobile phone accessories, computer peripherals, consumer technology products, automotive aggregates and healthcare/medical devices market segments.

Source: The Star
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Re: K1 Technology Bhd

Postby winston » Fri Nov 07, 2014 4:55 pm

K-One Technology's 12% stake traded off-market By: JOSEPH CHIN

KUALA LUMPUR: K-One Technology Bhd is attracting investor interest on Friday, with several blocks of shares totalling 45 million units traded off-market at 37 sen each, which was a steep discount to the current market price.

Stock market data showed the shares were transacted at a huge discount of 15.5 sen to the current market price of 52.5 sen.

The shares accounted for a 12% stake, based on the paid-up of 374.54 million shares.

As at 3.58pm, there were 49.23 million shares done at prices ranging from 49.5 sen to 55.5 sen in regular trade.

According to its website, K-One’s niche is in the mobile phone accessories, computer peripherals, consumer technology products, automotive aggregates and healthcare/medical devices market segments.

Among the largest shareholder of K1 are Lim Fook Beng, who owns 71.95 million shares while Lim Soon Seng owns 54.95 million units. The third largest shareholder is Braten Bjorn who owns 46.03 million shares.

Source: The Star
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Re: K1 Technology Bhd

Postby winston » Tue Nov 11, 2014 7:26 am

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K-One’s top management sells 45 million shares

KUALA LUMPUR (Nov 10): Three of K-One Technology Bhd’s top management disposed an aggregate of 45 million K-One shares off-market last Friday at 37 sen apiece.

The shares were sold at a discount of 28.8% or 15 sen to K-One’s share price, which closed at 52 sen last Friday.

A filing with Bursa Malaysia today showed that its chairman Lim Beng Fook and chief executive officer Lim Soon Seng sold 21.2 million shares and 11.5 million shares in K-One respectively, while co-founder Bjørn Bråten sold 12.3 million shares.

A separate filing indicated that Beng Fook and Soon Seng had disposed of their shares to institutional investors, while Bråten sold his shares to strategic investors.

Following the disposals, Beng Fook and Soon Seng own 13.55% (50.76 million shares) and 11.6% (43.46 million shares) respectively. Bråten holds 9.01% or 33.73 million shares in K-One.

K-One’s share price rose to an intraday high of 53 sen today, before easing to close at 49.5 sen. This brings its market capitalisation to RM185.4 million.

Source: The Edge
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