Thursday, July 29, 2010

KBB Resources MD sees 1.54m shares force sold

KUALA LUMPUR: KBB RESOURCES BHD [] managing director and founder Datuk Ang Cho Teing saw 1.54 million of his shares force sold on Wednesday, July 28.

A filing with Bursa Malaysia showed 880,800 shares were disposed of at 18c each and another 662,100 shares also at the same price that day. The share price closed at 15.5 sen that day, off its 52-week low of 14.5 sen in intra-day day trade.

Ang remains the single largest shareholder in KBB Resources with 33.2 million shares or 39.83%.

KBB Resources markets rice and vermicelli. Its shares hit a 52-week high of 68 sen on April 14 while its 52-week low of 14.5 sen on July 28.


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