Multi Sports trades actively as Permanis CEO

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Multi Sports trades actively as Permanis CEO
Multi Sports trades actively as Permanis CEO takes up substantial stake
Published on The Edge Markets (http://www.theedgemarkets.com)
Sep 23, 2015 | Written by Supriya Surendran | 0
KUALA LUMPUR (Sept 23): China-based sports shoe soles manufacturer Multi Sports Holdings Ltd saw
some active trade this morning with 10.7 million of its shares changing hands, on news Permanis
Sdn Bhd’s chief executive officer (CEO) Erwin Selvarajah Peter Selvarajah had become a substantial
shareholder in the company.
Permanis is the manufacturer and distributor of the PepsiCo beverage franchise, which includes
brands such as Pepsi, Mirinda, 7up, Revive Isotonic, Gatorade, Lipton, Tropicana and Evervess.
According to Multi Sports filing to Bursa Malaysia yesterday (Sept 22), Erwin had purchased 5.85
million Multi Sports shares from the open market on Sept 18, 2015, bringing his total shareholdings
in the company to 31.7 million shares, representing a 6.1% stake.
At 10.50 a.m, Multi Sports shares were up by 1 sen or 10.5% to 10.5 sen, with 14.41 million shares
traded and a market capitalisation of RM49.2 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.)
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author: Supriya Surendran
source: theedgemarkets.com
Source URL: http://www.theedgemarkets.com/my/article/multi-sports-trades-actively-permanis-ceotakes-substantial-stake
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