Top egg producer: QL is the largest egg producer in the country with about 3.5 million eggs produced each day.
AN off-market transaction of 19.87 million shares or a 38.8% stake in poultry player Lay Hong Bhd
, believed to be the block belonging to QL Resources Bhd was crossed yesterday at a price of RM3.05, according to sources.
This crossing is a strong indication that QL Resources, the country’s largest egg producer has finally thrown in the towel after almost a year of attempting to wrest control of Lay Hong. The crossing price is at a discount of 85 sen or 22% to Lay Hong’s closing price of RM3.90 yesterday. At RM3.90, this is also Lay Hong’s 52-week high.
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