Something is happen that we don't know??
I think PMCAPITAL worth a bet - now 8 cents only.
Key shareholders buy Pan Malaysia Capital, LBS, Tan Chong Motor
Business & Markets 2012
Written by Cindy Yeap of theedgemalaysia.com
Thursday, 04 October 2012 19:46
KUALA LUMPUR (Oct 4): Key shareholders at PAN MALAYSIA CAPITAL BHD [] (PMC), TAN CHONG MOTOR HOLDINGS BHD [] and LBS BINA GROUP BHD [] are among insiders buying more shares in the companies they own from the open market, latest filings show.
Businessman Tan Sri Khoo Kay Peng, who has been buying MALAYAN UNITED INDUSTRIES BHD [] shares from the open market, also has been buying shares in PMC.
According to a filing on Thursday, Khoo’s Bahtera Muhibbah Sdn Bhd bought 7.06 million PMC shares from the open market between Sept 28 and Oct 3 at undisclosed prices. This raised Khoo’s deemed interest in the company to 370.13 million shares or about 45.39% of PMC’s share base.
PMC closed unchanged at eight sen on Thursday, or about 0.46 times its book value, with over 11.29 million shares traded.
Over at Tan Chong Motor, latest filings showed major shareholder and executive deputy chairman Datuk Tan Heng Chew making further share purchases of the company that assembles and distributes Nissan branded automobiles in Malaysia and Vietnam.
Tan Chong Consolidated Sdn Bhd bought 136,800 shares in the company between Oct 1 and Oct 2 at undisclosed prices, raising its interest to 48.3%.
Tan, who is deemed interested in the stake, holds 3.576% of the company directly. Combined with the 48.3% held by his family-controlled vehicle, Tan controls some 51.9% of the company. Theedgemalaysia.com recently reported that Tan had over the past six months raised his direct and deemed interest in the company by close to 2%.
Tan Chong Motor shed one sen to RM4.63 on Thursday with 950,000 shares done.
Latest filings also showed the controlling shareholders of LBS Bina raising their holdings in the company that does CONSTRUCTION []-related civil works as well property development.
Intelrich Sdn Bhd, a company related to its LBS Bina’s founding Lim family, bought 740,000 shares from the open market at undisclosed prices between Oct 2 and Thursday, raising its interest to 188.947 million shares, a filing showed. The stake is about 48.87% of the company’s share base.
LBS Bina’s managing director Datuk Lim Hock San and his brothers Datuk Lim Hock Sing, Datuk Lim Hock Seong, Datuk Lim Hock Guan — who are all executive directors and also sons of LBS Bina’s chairman and founder Datuk Seri Lim Bock Seng — are deemed interested in Intelrich’s holdings.
LBS Bina added one sen to close at 88 sen on Thursday with 848,000 shares transacted.
Meanwhile, a substantial shareholder of Green Packet sold shares of the company in the open market. SMALLCAP World Fund Inc sold 199,900 shares at 43 sen on Sept 29. It further sold 563,200 shares between Oct 1 and Oct 2 at 42 sen apiece, paring holdings to 34.37 million shares or 5.01% stake — just above Malaysia’s threshold for substantial shareholding.
Green Packet rose half a sen or 1.23% to close at 41 sen on Thursday with 401,000 shares traded.