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Credit Suisse is now substantial shareholder in VSolar
By Gho Chee Yuan / theedgemarkets.com | March 31, 2016 : 7:34 PM MYT
KUALA LUMPUR (March 31): Credit Suisse Securities (Europe) Ltd has emerged as a substantial shareholder in VSolar Group Bhd with a 5.18% stake in the company.In a filing with Bursa Malaysia today, VSolar said Credit Suisse has acquired 15.72 million shares in the company last Friday (March 25), for an undisclosed amount.
The shares, according to VSolar, were acquired by the UK-based banking group through the open market for the investment position taken in the course of ordinary business in banking and finance.
VSolar is in involved in the business of renewable energy, media publishing and software solutions, and is a production house.
At the close of trading today, shares in ACE-Market listed VSolar hit a three-month high of 8.5 sen, up one sen or 13.33%, for a market capitalisation of RM24.28 million.
VSOLAR (0066) - Credit Suisse is now substantial shareholder in VSolar