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EPF ceases to be major shareholder in UEM Land
by Cals Wed 10 Apr 2013, 14:39
EPF ceases to be major shareholder in UEM Land
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Wednesday, 10 April 2013 13:28
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KUALA LUMPUR (April 10): The Employees Provident Fund (EPF)has ceased to be a substantial shareholder of UEM LAND HOLDINGS BHD [] after the former's stake in the property developer fell to below 5%.
In a statement to the bourse today, UEM Land said the EPF stake has decreased after it sold 2.1 million shares of the developer in the open market.
According to UEM Land, the EPF had ceased to be a major shareholder in the firm since last Friday (April 5).
The EPF's stake in UEM Land stood at 5.71% as at end of last year.
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Wednesday, 10 April 2013 13:28
A + / A - / Reset
KUALA LUMPUR (April 10): The Employees Provident Fund (EPF)has ceased to be a substantial shareholder of UEM LAND HOLDINGS BHD [] after the former's stake in the property developer fell to below 5%.
In a statement to the bourse today, UEM Land said the EPF stake has decreased after it sold 2.1 million shares of the developer in the open market.
According to UEM Land, the EPF had ceased to be a major shareholder in the firm since last Friday (April 5).
The EPF's stake in UEM Land stood at 5.71% as at end of last year.
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