Green Packet sells remaining shares in G3 Global

KUALA LUMPUR (Aug 10): Green Packet Bhd has disposed of its remaining shares in G3 Global Bhd for RM5.78 million, the group told Bursa Malaysia in a filing.

Green Packet sold the remaining amount of 115.25 million G3 Global shares, representing a 3.97% stake in the open market via direct business transaction on Wednesday (Aug 10).

A day earlier, the group sold 40 million shares in G3 Global for RM2 million.

The shares were the 305.25 million warrants that had been converted by Green Packet on May 19.

On May 25, Green Packet held a 6.286% stake in G3 Global or 155.25 million shares.

Shares in Green Packet closed down half a sen or 9.09% to five sen, valuing it at RM73.48 million. Meanwhile, G3 Global — the most active counter on Wednesday — dropped 12% or half a sen to 3.5 sen with 129.19 million shares changing hands.