PETALING JAYA: A 20% block of shares of Yen Global Bhd crossed off-market yesterday, with sources indicating that the buyer could be linked to Taiwan-based Gemtek Technology Co Ltd.
Gemtek, which is listed on the Taiwan Stock Exchange and which enjoys annual revenues of over US$1bil, bought a 10% stake in loss-making apparel maker Yen Global last month via a private placement at 52 sen apiece.
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