Bursa Alert
Global Market
NewsNotable Trade EPF ceases to be substantial shareholder of Coastal Contracts
Page 1 of 1
Notable Trade EPF ceases to be substantial shareholder of Coastal Contracts
by Cals Thu 25 Sep 2014, 01:23
| Notable Trade EPF ceases to be substantial shareholder of Coastal Contracts |
| Business & Markets 2014 |
| Written by Gho Chee Yuan of theedgemalaysia.com |
| Wednesday, 24 September 2014 17:40 KUALA LUMPUR (Sept 24): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Coastal Contracts Bhd, barely two months after it emerged as a substantial shareholder of the firm. In a filing with Bursa Malaysia today, the ship builder said EPF had disposed 120,000 shares on the open market last Thursday (Sept 18). "The disposal of shares were by EPF FD BD (AM INV)," the filing said. The ship builder said it received the notice of cessation dated Sept 19, today. Following the disposal, EPF still holds a total of 26.51 million shares in the firm. EPF emerged as a major shareholder in Coastal Contracts, after buying 1.67 million shares in the firm on Aug 05. Following the acquisition, EPF raised its stake in the company to about 5.14% or 27.31 million shares. According to Bloomberg, Coastal Contracts has a market capitalisation of RM2,449.56 million. Shares of Coastal Contracts closed at RM4.63, up 1 sen or 0.22%, with 639,100 units changed hands. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Notable Trade EPF now a substantial shareholder of Coastal Contracts
» Notable Trade Tey Por Yee ceases to be substantial shareholder in R&A
» Notable Trade EPF ceases to be substantial shareholder of FGV
» Notable Trade EPF ceases to be substantial shareholder in E&O
» Notable Trade EPF ceases to be Top Glove's substantial shareholder
» Notable Trade Tey Por Yee ceases to be substantial shareholder in R&A
» Notable Trade EPF ceases to be substantial shareholder of FGV
» Notable Trade EPF ceases to be substantial shareholder in E&O
» Notable Trade EPF ceases to be Top Glove's substantial shareholder
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum