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A cross trade is a practice where buy and sell orders for the same asset are offset without recording the trade on the exchange. It is an activity that is not permitted on most major exchanges.....(quotes from investopedia)
The Board of Directors of KAG wishes to announce that the Company had on 12 August 2021 acquired from the open market additional 9,000,000 ordinary shares of Komarkcorp Berhad (“KOMARK”) at average RM0.16 per share (“KOMARK Shares”), representing 1.56% of the total issued and paid up share capital of KOMARK for a total purchase consideration of RM1,440,000.00 (“Consideration”) (“Investment”).
