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Quick take: Dataprep shares rebound 31% after selldown

KUALA LUMPUR: Dataprep Holdings Bhd, which has been on a downtrend over the past 10 trading sessions, rebounded 31% this morning.

The ICT solution provider jumped 31.79%, or 24 sen to 99.5 sen. It is the third most actively traded counter with 68 million shares done.

It has fallen 45% since March 31. On a year-to-date basis, the counter rose over 452%.

On March 1, Bursa Malaysia issued an unusual market activity query to Dataprep.

Dataprep said that it is unaware of any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Listing Requirements except for the announcements on the proposed private placement and proposed acquisition of 510,000 ordinary shares in RIDAA Associates Sdn Bhd representing 51% of the total issued and paid-up share capital.

Last month, Dataprep also announced that it acquired two companies from Asia Coding Centre Sdn Bhd, with a 51% stake in each of them, for a total of RM561.

For the financial year ended Dec 31, 2020, Dataprep’s net loss narrowed to RM9.72mil against RM5.84mil. Its revenue for the period rose to RM36.2mil from RM28.9mil previously.

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