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Notable Trade EPF emerges as substantial shareholder in Inari

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Notable Trade EPF emerges as substantial shareholder in Inari Empty Notable Trade EPF emerges as substantial shareholder in Inari

Post by Cals Wed 04 Mar 2015, 21:35

Notable Trade
EPF emerges as substantial shareholder in Inari




By Gho Chee Yuan / theedgemarkets.com   | March 4, 2015 : 6:11 PM MYT   

KUALA LUMPUR (March 4): [size=14]The Employees Provident Fund Board (EPF) has emerged as a substantial shareholder in Inari Amertron Bhd today, with a 5.1% stake.


In a filing with Bursa Malaysia this evening, Inari (fundamental: 2.7; valuation 2.1) said the pension fund purchased a total of 1.028 million shares or 0.14% stake in the company on Feb 27. The filing did not state the transacted price.

The latest acquisition brings EPF's stake in Inari to 5.1%, translating into 36.42 million shares.

Inari is involved in back-end semiconductor packaging, which comprises back-end wafer processing, package assembly and radio frequency final testing for the semiconductor industry.

The counter closed down two sen or 0.63% at RM3.13 today, bringing its market capitalisation to RM2.21 billion.

[size=12](Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)[/size]
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Cals
Cals
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