Ni Hsin emerges substantial shareholder in Caely Holdings



KUALA LUMPUR: Ni Hsin Resources Bhd has emerged as a substantial shareholder in Caely Holdings Bhd with a 7.25% stake or 5.80 million shares for RM4.618mil.

A filing with Bursa showed Ni Hsin – which manufactures premium stainless steel cookware – had bought 1.85 million Caely shares – on Thursday..

Share prices of Caely Girl had risen from 84 sen on March 30 to a high of RM1.16 on April 3. 

It closed down 10 sen to RM1 on Friday in line with the weaker broader market.

In a separate statement, Ni Hsin said it had over 12 months acquired the Caely shares in the open market. 

The purchase consideration based on open market price ranged from 67 sen to RM1.08 per share.

Caely Girl manufactures undergarments, garment, leather goods, sportswear and household products. It is also involved in property development and construction segment.

It sells the products mainly to Europe, Canada, the US and other Asian countries. Majority of the revenue is generated from the manufacturing segment of the company.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

TDM says CEO Zainal Abidin resigned over disagreement with chairman�
Petronas posts RM3.4bil net loss in Q3
Boustead appoints former Telekom boss Shazalli Ramly as new Group MD
Public Bank 3Q net profit higher at RM1.39b
CIMB's 3Q pre-tax profit improves sequentially on higher operating income
Kenanga IB profit up tenfold as brokerage, trading income soar
Palm oil’s stunning rally is set to boost supermarket prices
Alliance Bank posts lower 2Q net profit of RM103.94m on higher reserves
Pandemic and travel curbs hit Datasonic Q2 earnings�
Higher net profit for Hong Leong Bank

Stories You'll Enjoy