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Notable trades EPF buys 5% stake in UOA REIT

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Notable trades EPF buys 5% stake in UOA REIT Empty Notable trades EPF buys 5% stake in UOA REIT

Post by Cals Thu 04 Sep 2014, 22:23

Notable trades EPF buys 5% stake in UOA REIT
Business & Markets 2014
Written by Liew Jia Teng of theedgemalaysia.com   
Thursday, 04 September 2014 18:28

KUALA LUMPUR (Sept 04): The Employees Provident Fund Board (EPF) has emerged as a substantial shareholder of UOA Real Estate Investment Trust (UOA REIT), after buying some 21.21 million shares or a 5.01% direct stake in the latter.

In a filing with Bursa Malaysia today, UOA REIT said the transaction was made in the open market on Tuesday (Sept 02).

A quick check on UOA REIT’s annual report 2013 showed that as at Dec 31 last year, there are four major shareholders in the company, namely Desa Bukit Pantai Sdn Bhd, Wisma UOA Sdn Bhd, Rich Accomplishment Sdn Bhd and Damai Positif Sdn Bhd, which collectively control 71.57% stake.

UOA REIT’s porfolio of investment properties comprise of UOA Centre Parcels, UOA II Parcels, UOA Damansara Parcels, UOA Pantai, UOA Damansara II and Parcel B — Menara UOA Bangsar.

Shares of UOA REIT gained 1 sen or 0.7% to RM1.42, with 208,600 shares traded today.
Cals
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