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Sunday, January 21, 2018
KUALA LUMPUR (Jan 18): G Reka Perunding Sdn Bhd has emerged as a substantial shareholder in Atta Global Group Bhd, after acquiring 37.5 million shares or a 24.27% stake in the steel processing and trading company on Tuesday (Jan 16).
In a filing with Bursa Malaysia, Atta said G Reka had purchased the shares at RM1 per share or a total of RM37.5 million.
The acquisition makes G Reka Atta’s second-largest shareholder after Tan Kim Hee, who emerged as a substantial shareholder last month and now holds a 28.37% stake.
Bloomberg data showed the shares were traded in two blocks. The first block of 10.27 million shares had crossed at RM1per share at 3.42pm, while the second block of almost 3 million shares were traded at RM1.14 per share at 5.08pm.