Shareholding Change Boosted Interest in STRAITS-WA

Written by Editor

The volume traded on Straits Inter Logistics Berhad surged in the last few weeks as a substantial shareholder CBL (Malaysia) Sdn Bhd disposed its holdings in the company.  According to announcement made to Bursa Malaysia, CBL (Malaysia) Sdn Bhd sold a total of 32.65 million shares, representing more than 5.2% of the company between 12th March to 20th March and ceased to become substantial shareholder of the company.  It should also be noted that the Managing Director of the company Dato’ Sri Ho Kum Choy has been adding to his stake in the last few months.  The volume traded remained high after 20th March as the share price of Straits Inter Logistics reached a 52-weeks’ high of 28.5 sen on 26th March 2019.  The mother share closed at 27.5 sen on that day while the company warrant STRAITS-WA ended trading at 17.5 sen.

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