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EPF emerges as DKSH’s substantial shareholder
by Cals Sat 18 Jun 2016, 03:24
EPF emerges as DKSH’s substantial shareholder
By Gho Chee Yuan / The Edge Financial Daily | June 17, 2016 : 9:53 AM MYTThis article first appeared in The Edge Financial Daily, on June 17, 2016.
KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as a substantial shareholder of DKSH Holdings (M) Bhd for the first time, with a 5.02% stake.
In a filing with Bursa Malaysia yesterday, DKSH said the EPF now holds 7.91 million shares or a 5.02% stake in the company, following its latest acquisition of 371,100 shares on June 9 for an undisclosed amount.
DKSH is the market leader in the market expansion services industry. It provides complete marketing and distribution services — across Asia-Pacific — for a wide range of products, specialising in consumer goods, healthcare products and medical devices.
For the first quarter ended March 31, 2016 (1QFY16), its net profit fell 7.8% to RM11.27 million, from RM12.23 million a year earlier, due to rapid appreciation of the ringgit against the US dollar in January and February. Quarterly revenue was 6% lower at RM1.33 million, from RM1.42 million in 1QFY15, due to changes in telecommunications clients.
Shares in DKSH were not traded yesterday. It slid down 15 sen or 3.9% to its one-month low of RM3.70 on Wednesday, with a market value of RM583.34 million.
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