Friday, September 17, 2010

Handal sees 11m shares done off market

KUALA LUMPUR: Handal Resources Bhd saw 11 million shares done off-market on Friday at an average price of 65 sen each.

Stock market data showed on Friday, Sept 17 the shares were transacted below the market price of 80 sen. The 11 million shares represented a 12.22% stake.

As at 2.40pm, Handal was down 0.5 sen at 79.5 sen with 7,000 shares done.

Handal provides crane services for the oil and gas services industry. Its net asset per share was 72 sen as at June 30, 2010. It posted net profit of RM5.36 million on the back of RM23.56 million revenue as at June 30.

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