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PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
PETALING JAYA: Semiconductor firm Frontken Corp Bhd has posted a record 75% year-on-year growth in net profit to RM52.26mil for the financial year ended Dec 31, 2018 (FY18).
PETALING JAYA: Frontken Corp Bhd’s net profit for the third quarter ended Sept 30, 2018 jumped 65% to RM15.19mil from RM9.19mil in the previous corresponding period, mainly due to improved performances by its subsidiaries in Taiwan, Singapore, Malaysia and the Philippines.
FRONTKEN Corp Bhd dropped to a low of 12.5 sen on July 5 last year, the worst in 19 months on extended profit-taking liquidation during the previous correction phase.