GPACKET 0082 GREEN PACKET BERHAD sells G3 7184 G3 GLOBAL BERHAD shares for RM20 mil

 GPACKET 0082 GREEN PACKET BERHAD sells  G3 7184 G3 GLOBAL BERHAD shares for RM20 mil

KUALA LUMPUR (Aug 9): Green Packet Bhd further reduced its stake in G3 Global Bhd to 4.67%, after selling 40 million shares for RM20 million.

These were the warrants that had been converted into shares by Green Packet in May this year. The company converted a total of 305.25 million warrants into shares on May 19.

Bloomberg data shows that the latest 40 million shares were sold at five sen each.

Earlier, on May 25, Green Packet held a 6.286% stake in G3 Global after selling 150 million shares, also through a direct business transaction.

Shares in G3 Global were unchanged at four sen on Tuesday (Aug 9), with a market capitalisation of RM101.59 million. Meanwhile, Green Packet closed unchanged at 5.5 sen for a market value of RM88.17 million.

http://www.theedgemarkets.com/article/green-packet-sells-g3-global-shares-rm20-mil