EPF buys more shares in SapuraKencana

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KUALA LUMPUR (Jan 12): The Employees Provident Fund (EPF) has acquired an additional 4.8 million shares or a 0.08% stake in SapuraKencana Petroleum Bhd, a filing with Bursa Malaysia revealed.

The transaction, completed on Jan 7, raised the pension fund’s interest to some 807.78 million shares or a 13.48% direct stake in SapuraKencana.

Shares of SapuraKencana ended up 7 sen or 2.9% to RM2.49, giving the firm a market capitalisation of RM14.3 billion.