2.16% of Jiankun crossed off-market for RM796,500

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KUALA LUMPUR (Jan 12): Property developer Jiankun International Bhd (Jiankun) sees 2.16% equity or 3.3 million shares traded off-market today for RM796,500.

Bloomberg data showed that the shares were traded in four blocks - three blocks involving 3 million shares were traded at 24 sen a share, while the remaining 1 block of 0.3 million shares were traded at 25.5 sen a piece. It is not immediately known, however, who the parties involved were.

Jiankun is formerly known as Nagamas International Bhd and is led by former deputy finance minister Datuk Seri Donald Lim Siang Cai as its executive chairman. 

Jiankun focuses on structured and branded mixed development segments in Malaysia and China.

On Oct 14, Jiankun was picked as one of The Edge Research's Stocks with Momentum. The company was given a fundamental score of 2.1 out of 3, with 3 suggesting that it is profitable and has a strong balance sheet. It also garnered a valuation of 0.3 out of 3, with 3 suggesting that it gives higher than market average returns and is trading at a lower than average valuation.

The company closed up 1 sen or 4.17% at 25 sen today, giving it a market capitalisation of RM36.4 million.