K1 Technology's 14m shares traded off-market at sharp discount

K-One Technology Bhd’s 14.1 million shares were traded off-market at 37 sen each on Friday.

Stock market data showed the shares were transacted at a huge discount of 17.5 sen to the current market price of 54.5 sen.

The shares accounted for a 3.76% stake based on its paid-up of 374.54 million shares.

At 12.02pm, K1 was up 5.5 sen to 54.5 sen. It was actively traded with 32.76 million shares done at prices ranging from 49.5 sen to 55 sen.

According to its website, K-One’s niche is in the mobile phone accessories, computer peripherals, consumer technology products, automotive aggregates and healthcare/medical devices market segments.