21 December 2017 - MQ Technology Bhd (Bursa 0070: MQ Tech) today announced the disposal of shares by substantial shareholder Teh Eng Huat on 20 December 2017, amount to 17,000,000 shares through Kenaga Nominees (Tempatan) Sdn Bhd. According to Bursa Malaysia, Teh Eng Huat still has 22,000,000 MQ Tech shares, or close to 5.304%
MQ Tech saw unusual activities in share price range from RM0.065 - RM0.09, and close at RM0.75, with 94,213,300 share traded. The pattern of turbulance is not unusual, as if it's churned to attract public investors attention to trade the shares. The market is looking for more signals if substantial shareholders are still selling the shares in next few trading days. Share price soften to close at RM0.065 on 21 December 2017 (the next day), with less than 10 million shares traded.
Bursa Tracker
source Bursa: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5644441
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
| MQ TECHNOLOGY BERHAD |
Particulars of substantial Securities Holder
| Name | MR TEH ENG HUAT |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary Shares |
Details of changes
| No | Date of change |
No of securities
|
Type of Transaction | Nature of Interest |
| 1 | 20 Dec 2017 |
17,000,000
|
Disposed | Direct Interest |
| Name of registered holder | KENANGA NOMINEES (TEMPATAN) SDN. BHD. | |||
| Address of registered holder | 8th Floor Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur Wilayah Persekutuan | |||
| Description of "Others" Type of Transaction | ||||
| Circumstances by reason of which change has occurred | Open Market Disposal |
| Nature of interest | Direct Interest |
| Direct (units) | 22,000,000 |
| Direct (%) | 5.304 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Total no of securities after change | 22,000,000 |
| Date of notice | 21 Dec 2017 |
| Date notice received by Listed Issuer | 21 Dec 2017 |
| Remarks : |
Securities held after the change: a) 22,000,000 Ordinary Shares (5.304% of issued shares) b) 2,680,088 (1.460% of the total Warrants in issued). |
Announcement Info
| Company Name | MQ TECHNOLOGY BERHAD |
| Stock Name | MQTECH |
| Date Announced | 21 Dec 2017 |
| Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
| Reference Number | CS2-21122017-00002 |
http://klse.i3investor.com/blogs/sin_chew_hot_stocks/142155.jsp
