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Notable Trade EPF pares stake in Westports
by Cals Thu 12 May 2016, 00:15
Notable Trade
[size=28]EPF pares stake in Westports
By Chester Tay / theedgemarkets.com | May 11, 2016 : 7:24 PM MYTKUALA LUMPUR (May 11): The Employees Provident Fund (EPF) has pared down its stake in port operator Westports Holdings Bhd to below 5%.
In a filing with Bursa Malaysia today, Westports disclosed that EPF had on May 6 disposed of 6.79 million shares in the open market. EPF first emerged as a substantial shareholder in Westports on Jan 14 this year.
Earlier this month, Westports said EPF has sold off 4.36 million shares on May 5, leaving the pension fund with a 5.01% stake or 170.88 million shares.
Thus, with the latest disposal, EPF currently owns a 4.81% stake or 164.1 million shares in Westports.
Westports closed unchanged at RM4.20 today, giving it a market capitalisation of RM14.32 billion.
Year to date, the counter has appreciated 6.06%.
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