Hap Seng sees 38m shares traded off-market 13% below market price

KUALA LUMPUR: Hap Seng Consolidated Bhd saw 38 million of its shares traded in an off-market deal on Wednesday afternoon at RM7.83 each.

Stock market data showed the block represented 1.5% of its paid-up of 2.489 billion shares.

At the transaction price of RM7.83, this was RM1.22 or 13.4% below the Tuesday closing price of RM9.05.

Hap Seng's core businesses include property, plantations and distribution of cars.