Markets
Head honcho ups stake in D’nonce
Mathenny K | 19 May 2017 00:30
D’Nonce Technology Bhd CEO and managing director Law Kim Choon has mopped up 9.43 million shares or 5.22% of the company’s stake, a filing with Bursa Malaysia on May 18 reveals.

The acquisition of the block of shares through a married deal has expanded Law’s shareholding in D’nonce to 22.35% from 17.13%. Post-acquisition, Law remains the company’s single largest shareholder.

For its Q2 ended Feb 28, D’nonce's net loss narrowed to RM1 mil from RM1.92 mil in the previous year’s corresponding period. The improved results is mainly due to rising revenue mainly from its subsidiaries in Thailand. D’nonce provides management services.

Since Jan 23, D’nonce’s share price has appreciated 24% from 5.5 sen to 28.5 sen on May 18.

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