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Disposal of DGSB stake Failed to Excite OMESTI-WB

The share price of Omesti Berhad failed to react significantly to the announcement by the company that it was disposing 290 million shares, representing 21.39% stake, in its listed subsidiary Diversified Gateway Solutions Berhad (DGSB) to Insas Technology Berhad (ITB) and its directors Dato‟ Dr Tan Seng Chuan and Dato’ Wong Gian Kui.  The disposal was for a cash consideration of RM13.78 million or 4.75 sen per share.  While the share price of DGSB surged to as high as 10 sen, more than double the disposal price, Omesti share and warrant price remained lackluster ending trading on 8 November at 48 sen and 6 sen respectively.


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