KUALA LUMPUR (March 20): Green Packet Bhd’s shares were up in early trade, and was the most actively traded counter on Bursa Malaysia on Monday (March 20).

At 10.10am, the counter gained half sen to 5.5 sen, with 133.8 million units changing hands.

At 5.5 sen, the company’s market capitalisation stood at about RM109.32 million.

At 5pm on Friday (March 17), Green Packet recorded a trading volume of 357,500 shares, while its share price closed down to five sen.

On March 7, the digital solutions provider said it is selling its wholly owned Labuan investment banking business Oasis Capital Investment Bank Ltd (OCIB) for RM23 million, according to its bourse filing.

It noted that the disposal provides a timely opportunity for the group to unlock and realise the value of the investment and assets in OCIB.

The group is selling its entire equity interest in OCIB to WKJ Capital Equity Sdn Bhd, which is 35% owned by Tan Wei Sun, and 30% each by Aeriel Huang and Wisen Soon, with the remaining 5% owned by Wisun Soon.