Insider Moves: Dialog Group Bhd, Global Oriental Bhd, Key Asic Bhd, Serba Dinamik Holdings Bhd, Acoustech Bhd, MSCM Holdings Bhd

Notable filings

BETWEEN June 9 and 12, notable filings included that atDialog Group Bhd, which saw its co-founder and executive chairman Tan Sri Ngau Boon Keat reduce his stake through Azam Utama Sdn Bhd. Filings with Bursa Malaysia show that Ngau disposed of 37 million shares at RM3.67 apiece in an off-market transaction on June 10. Dialog closed at RM3.78 that day, two sen lower than the day before.

Post-disposal, Ngau’s direct and indirect equity interests were reduced to 0.81% and 18.31% respectively.

Since mid-May, Dialog’s share price has been on an upward trend, especially after it reported higher earnings for the third quarter ended March 31. Net profit rose 5.1% year on year to RM151.04 million from RM143.71 million, on the back of better performance at its Langsat terminals and Pengerang Independent Terminals. Revenue, however, declined 20.61% y-o-y to RM505.43 million from RM636.61 million.

Global Oriental Bhdsaw the emergence of a new shareholder, Idaman Motif Sdn Bhd, which acquired 81.44 million shares or a 17.91% stake. Filings with Bursa show that the shares were acquired through an off-market transaction on June 5.

Idaman Motif is the private vehicle of Datuk Tan Eng Beng, who holds a 0.07% direct stake in Global Oriental.

In contrast, former Global Oriental executive director Othman Mohammad ceased to be a shareholder after divesting his entire holding of 81.44 million shares on the same date. Note that he had resigned on June 15.

Over atKey Asic Bhd, substantial shareholder Ng Geok Lui disposed of 21 million shares on June 5, according to filings with Bursa. Ng sold a further 30 million shares on June 12 and ceased to be a shareholder of the company.