08 May, 2005

Malaysia: About 49% of the shares of Carlsberg Brewery Malaysia change hands

Malaysia's largest beer-maker, Carlsberg Brewery (M) Bhd, had about 49% of its stock change hands in an off-market trade valued at RM835.1 million on May 4, according to stock exchange data. About 75.9 million shares were traded off-market at RM11 a share at 4:54 pm, shortly before the 5pm close of trading, according to Star Publications (Malaysia).

Carlsberg stock was unchanged at RM11.50 on May 4. Neither the buyer nor the seller was disclosed. Copenhagen, Denmark-based Carlsberg Breweries AS, a unit of Carlsberg AS, raised its stake in the Malaysian brewery to about 51% on April 27, according to a stock exchange filing.

Carlsberg Brewery Malaysia managing director Mogens Joenck and Carlsberg AS vice-president for internal and external Ccmmunications Anne-Marie Skov could not immediately be reached for comment, Bloomberg said.

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