KUALA LUMPUR: Doraley Assets Management Ltd has ceased to be a substantial shareholder in SAAG CONSOLIDATED (M) BHD [] after the disposal of 50.5 million shares from June 18 to 24.
Filings to Bursa Malaysia showed the British Virgin Islands-registered fund still has 82.18 million shares after the recent disposals.
Doraley sold 3.4 million shares on June 16 and 10 million shares on June 21 and it continued to reduce its stake with the disposals of seven million units and 10.5 million units on June 22 and 23.
The latest disposal saw it selling 19.5 million shares on June 24.
Based on SAAG's paid-up of 1.809 billion shares, the 82.18 million units represent 4.54%.
SAAG share price was trading betweem 8.5 sen and nine sen during the period. For the year-to-date, it is down from a high of 18.5 sen on Jan 4 this year and the average price is 12.3 sen.
Filings to Bursa Malaysia showed the British Virgin Islands-registered fund still has 82.18 million shares after the recent disposals.
Doraley sold 3.4 million shares on June 16 and 10 million shares on June 21 and it continued to reduce its stake with the disposals of seven million units and 10.5 million units on June 22 and 23.
The latest disposal saw it selling 19.5 million shares on June 24.
Based on SAAG's paid-up of 1.809 billion shares, the 82.18 million units represent 4.54%.
SAAG share price was trading betweem 8.5 sen and nine sen during the period. For the year-to-date, it is down from a high of 18.5 sen on Jan 4 this year and the average price is 12.3 sen.
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