Friday, July 11, 2008

BVI registered Bestempire Ltd continues acquitision of Mesdaq-listed Envair Holdings Bhd

A BVI-registered company Bestempire Ltd has continued its efforts in accumulating shares in Envair Holdings Bhd. This is revealed by its latest share acquisition – the company acquired 5.73 million shares.

According to filing with Bursa Malaysia, on June 24, 2008 Bestempire (BVI) acquired the 5.85% stake. So, following the recent acquisition, Bestempire's shareholding in the Mesdaq-listed company increased to 17.84% or17.48 million shares.

Envair’s share price increased to a 52-week high of 35 sen on July 31 while on March 19 it was 4 sen, which was s 52-week low.

On June 24, when the shares were acquired, the share price surged to a 4-month high of 20.5 sen.

Incorporated in the British Virgin Islands, Bestempire Ltd provides modular clean room controlled environment for such industries as semi-conductor, pharmaceutical, medical production as well as food production.