Sanichi Technology

Sanichi Technology

Postby winston » Tue Nov 11, 2014 7:35 am

not vested

Mah continues to accumulate Sanichi shares

KUALA LUMPUR (Nov 10): Sanichi Technology Bhd ( Financial Dashboard) continued to see substantial shareholder Mah Wee Hian @ Mah Siew Kung raising his stake in the company to almost 10% today.

He has been accumulating shares in the plastic mould designer and fabricator, since early October.

In a filing to Bursa Malaysia today, Sanichi said Mah acquired another 700,000 shares last Friday (Nov 7), increasing his direct stake in the company from 9.59% to 9.67% or 85.43 million shares.

Mah first emerged as a substantial shareholder in early October this year, via a subscription of ordinary rights shares of 75.27 million shares (equivalent to 8.15% stake).

Sanichi closed unchanged at 10.5 sen today with 5.05 million shares transacted, giving it a market capitalization of RM92.8 million.

Source: The Edge
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