Dynaciate (5178) @ 0.095 as at 9.30 am 20/3/2019
Dynaciate Engineering Sdn Bhd has emerged as the largest shareholder of Tatt Giap Group Bhd after it raised its stake to 29.74% from 12.95% previously.
Dynaciate Engineering made its entry in Tatt Giap on Nov 9, 2018 with a 12.95% stake, after it acquired 22.1 million shares at 31 sen per share via direct business transactions. A few days after Dynaciate Engineering’s entry, the group announced its intention to rebrand itself as Dynaciate Group Berhad.
Tatt Giap will now have a full stream of businesses, from manufacturing of steel products to engineering and construction of plants and facilities for the oil and gas and refining, chemical and chemical products, oleo-chemicals as well as pharmaceutical and food processing industries.
For the financial year ended June 30, 2017, Dynaciate Engineering registered a revenue of RM236 million, with plant and facility construction contributing 66.6%, workers accommodation and facility construction contributing 25.9%, steel fabrication contributing 4.1% and others contributing 3.4%.
Chart wise Dynaciate is under Bollinger Band Squeeze with breakout above 0.105 cts.
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