Pheim Asset Management acquires stake in Supercomnet Technologies

Pheim Asset Management acquires stake in Supercomnet Technologies

12 hours ago

KUALA LUMPUR: Pheim Asset Management Sdn Bhd (Pheim Malaysia) and Pheim Asset Management (Asia) Pte Ltd (Pheim Singapore) have taken stake under a two per cent in Supercomnet Technologies Bhd (STB) in an aim to ride on STB's earnings growth in the medical devices and automotive division.

Pheim Malaysia and Pheim Singapore (Pheim Group) bought the stake via a combination of an off-market transaction and directly from the open market.

The bulk of the acquisition was made on Wednesday at RM1.62, which is a 9.5 per cent discount from its Tuesdays closing of RM1.79.

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