KUALA LUMPUR (Sept 21): Bonia Corp Bhd director Chiang Fong Yee clarified that his open market acquisition of 30,000 shares on Sept 2 was a mistake caused by human error and was not successfully executed.

In a filing to Bursa Malaysia today, Bonia said that it received a notification dated Sept 18 from Chiang to clarify the matter.

“This inadvertent mistake was caused by human error of his remisier and was unnoticed until the date of his notification,” Bonia said.

The notice on the acquisition of the 30,000 shares at 69 sen apiece for a total consideration of RM20,700 was filed to the local exchange on Sept 7.

Chiang appended his direct and indirect interest in the securities of Bonia, prior to the occurrence of the aforesaid error, as 4.55 million shares, representing a 0.565% stake in the company, and 40,000 shares, or 0.005% equity in the company, respectively.

Shares in Bonia closed 1 sen or 1.41% lower at 70 sen for a market capitalisation of RM571.9 million.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)