KUALA LUMPUR (Feb 8): Cypark Resources Bhd was among the top gainers on Bursa Malaysia in the morning trading session on Wednesday (Feb 8), rising by as much as 15 sen or 14.6% to RM1.18 a share, after the Social Security Organisation (Perkeso) emerged as a substantial shareholder.
Perkeso is also known as Socso.
Just before the noon break, the counter pared some of its gains to settle at RM1.16, still up 13 sen or 12.6% higher. About 34.62 million shares changed hands.
On Tuesday, Cypark announced that Perkeso had acquired two million shares or a 5.026% stake via a direct deal on Feb 2 at an undisclosed price.
Just a little more than a month ago, the renewable energy company announced that Jakel Capital — the investment arm of textile trading and property developer Jakel Group — had emerged as its single largest shareholder with a 27.33% stake after subscribing to a private placement exercise.