Large block of Ocean Vantage shares traded off-market

KUALA LUMPUR: A total of 97.93 million shares of Ocean Vantage Holdings Bhd were transacted in an off-market deal on Monday at 20.4 sen per share.

Stock market data showed that this block of shares represents a 23.32% stake in Ocean Vantage. The transacted price was 2.9 sen, or 16.57% higher than the closing price of 17.5 sen.

Ocean Vantage is primarily involved in providing support services for the oil and gas industry, supporting both upstream and downstream activities.

For the first six months ending June 30, Ocean Vantage reported a net loss of RM2.11mil, or a loss per share of 0.50 sen, on revenue of RM67.4mil.