Safe Tower Systems pares Rohas stake
Ng Siew Yen | 02 Mar 2018 00:30
PT Safe Tower Systems Sdn Bhd has ceased to be substantial shareholder of Rohas Tecnic Bhd after divesting ten million shares or a 2.12% stake in the company, a Bursa Malaysia filing on Feb 28 shows.

Post-disposal, PT Safe Tower Systems trimmed its stake to 3.77% from 5.89%.

Rohas Tecnic is an investment holding company engaged in plastic moulding design and fabrication. For its Q4 ended Dec 31, the company recorded a net profit of RM12.32 mil.

Formerly Tecnic Group Bhd, Rohas Tecnic came about following a regularisation plan which paved way for a reverse acquisition by Rohas-Euco Industries Bhd in March last year. The counter closed at RM1.47 on March 1.