Menang Jan 2012

Menang: Menang saw 12 million shares crossed in several off market deals on 05 Jan 2012. Data showed the shares, representing a 4.49% stake were crossed at average price of 22 sen. On Dec 27, 2011, Menang group deputy chairman Datin Mariam increased her shareholding in the company with the recent acquisition of 20 million shares or a 7.48% stake. She bought the shares from the open market at 20 sen on Dec 27, 2011 which increased his shareholding to 26.18% stake.

BHIC/Bstead jan 2012

BHIC/Bstead: BHIC reiterated that it has not received any indication or direction from its shareholders with regards to any major acquisition of shares in the company. Boustead Holdings Bhd is the major shareholder of BHIC. Earlier market talk of a possible privatization of BHIC. According to reports, while BHIC’s parent Bstead denied talks that it was planning to privatize the former, it then emerged that LTAT could be the vehicle to be used. LTAT’s chief executive did not denied the possibility of the Armed Forces fund taking BHIC private. However, the matter would have to be collectively deliberated on by LTAT’s board of directors. LTAT holds direct 8.15% stake in the company and indirect stake of 65% via Bstead. BHIC’s net asset per share as end of Sept 2011 was rm1.71.