KUALA LUMPUR: Baby products and condoms maker Takaso Resources Bhd saw 19.96 million of its shares, representing a 9.77% stake in the company, traded off-market yesterday for RM7.6 million.

The shares were moved in six blocks comprising one block of 13.96 million shares — for 33 sen each — and five blocks of six million shares in all at 50 sen apiece, which totalled RM7.6 million.

The 33 sen price tag represented a discount of 29.79% to Takaso’s current trading price of 47 sen, while the 50 sen price tag was at a premium of 6.38% to Takaso’s market price. It is not immediately known who the buyers and sellers of the shares were.

Takaso, which also has interests in construction and property development, entered into a conditional joint-venture agreement with SSPP Development Sdn Bhd last month in relation to a proposed mixed development on a parcel of land in Bandar Kuantan, Pahang.

The group’s largest shareholder is OCR Land Holdings Sdn Bhd — a vehicle of Takaso executive director Ong Kah Hoe — which owns a 15.01% stake. This is followed by Nextplus Fortune Sdn Bhd — a vehicle of Takaso executive chairman Tee Tze Chern — with a 14.46% stake.

This article first appeared in The Edge Financial Daily, on July 22, 2015.