27 April 2012
216.35 million Bumi Armada shares were transacted in several off-market deals at an average price of RM3.95, representing 7.38% stake
(ARMADA closing stock price today (27.4.2012) was RM 4.06)
Bumi Armada Bhd's 216.35 million shares were transacted in several off-market deals on Friday at an average price of RM3.95.
The shares represented a 7.38% stake in the company, which has a paid-up of 2.928 billion shares.
At 4.05pm, Bumi Armada shares fell 18 sen to RM4.04 while the call warrants Bumi Armada-CA fell 15 sen to 26 sen and Bumi Armada-CD lost 10.5 sen to 26 sen.
The FBM KLCI fell 10.87 points to 1,568.82. Turnover was 1.05 billion shares valued at RM966.47mil. There were 237 gainers, 454 losers and 300 stocks unchanged.
A news report said Ananda Krishnan and his bumiputera partners would sell roughly 15% of Bumi Armada shares in private placements to local and foreign institutional investors in a deal that will raise close to RM2bil.
The report, quoting sources, said the sale of roughly 440 million shares would reduce the joint holdings of Ananda and his partners to 55%. The shares will be placed at a 3%-6% discount. The share price closed at RM4.22 on Thursday.