APFT (5194) - APFT's 11.3m shares traded at hefty premium to market price
Tuesday, 7 October 2014
KUALA LUMPUR: Flight education and training services provider APFT Bhd saw 11.30 million shares traded off-market at 27 sen each on Tuesday.
Stock market data showed the 3.58% stake was crossed at a premium of 11.5 sen or 74.2% above the last traded price of 15.5 sen.
The sale of the shares could be from APFT executive chairman Datuk Faruk Othman, who disposed of 3.7 million shares at 27 sen each by a direct business transaction in September.
After the sale of the shares, he holds 34.39% stake.
On the corporate front, APFT had on Sept 23 teamed up with Lufthansa Technical Training (LTT) to start an aircraft maintenance training school in Malaysia from January 2015.
The plan is to train at least 400 students over a five-year period. Apart from the training, LTT was keen to set up its maintenance, repair and overhaul services in Malaysia.
http://www.thestar.com.my
Tuesday, 7 October 2014
KUALA LUMPUR: Flight education and training services provider APFT Bhd saw 11.30 million shares traded off-market at 27 sen each on Tuesday.
Stock market data showed the 3.58% stake was crossed at a premium of 11.5 sen or 74.2% above the last traded price of 15.5 sen.
The sale of the shares could be from APFT executive chairman Datuk Faruk Othman, who disposed of 3.7 million shares at 27 sen each by a direct business transaction in September.
After the sale of the shares, he holds 34.39% stake.
On the corporate front, APFT had on Sept 23 teamed up with Lufthansa Technical Training (LTT) to start an aircraft maintenance training school in Malaysia from January 2015.
The plan is to train at least 400 students over a five-year period. Apart from the training, LTT was keen to set up its maintenance, repair and overhaul services in Malaysia.
http://www.thestar.com.my
