12th Mar 2015 16:12
LONDON (Alliance News) - Resource Holding Management Ltd Thursday said it made about GBP1.1 million by selling 42.8 million shares in PUC Founder (MSC) Berhad on the Bursa Malaysia's ACE Market at MYR0.14 a share on Wednesday, money it will use for general working capital.
After the sale, Resource Holding holds 543.1 million shares in PUCF, or a 51.11% stake, and 36.2 million warrants to subscribe for new PUCF shares. The stake is valued at about GBP16.6 million at PUCF's current share price.
Resource Holding shares were down 22.2% at 7.00 pence in London Thursday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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