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Look at (GENETEC 0104) after the announcement of the news, it has risen even higher. (Dataprep) I heard that there are other big projects that have not been announced yet.
( Dataprep leads gainers as value tops RM1b) Dataprep’s share price rally began in mid-February after the company announced plans to acquire a 51% stake in RIDAA Associates Sdn Bhd, aimed at expanding the group’s multimedia and communication revenue stream.
The group, in its third-quarter ended June 30, 2020 (3Q20), stated that the acquisition will allow the group to pursue opportunities to build, instal, operate, maintain and manage telecommunication tower assets in Malaysia.
Its venture into the telecommunication towers project is aligned with the National Fiberisation and Connectivity Plan for the foundation of the country’s digital infrastructure transition to 5G technology.
In addition to its takeover plan, Dataprep’s share price has also been boosted by developments linked to Widad Business Group Sdn Bhd (WBG). WBG is owned by Tan Sri Muhammad Ikmal Opat Abdullah, who is also a substantial holder of Dataprep.
Muhammad Ikmal sold 11.11 million Dataprep shares on Feb 16 in an off-market deal before acquiring 200,000 shares via open market on March 1, which took his stake to 54.21%. He has also been actively trading his shares in Widad Group Bhd with the acquisition of some 366.96 million shares and disposal of 420.16 million shares.
