<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 1): Urusharta Jamaah Sdn Bhd (UJSB) is no longer a substantial shareholder of MCT Bhd, WCT Holdings Bhd and Eastern &amp; Oriental Bhd (E&amp;O), after paring its stake in the companies.</p></div>

<div class=newsTextDataWrapInner><p>Exchange filings show the unit of the Ministry of Finance recently sold 7.05 million shares amounting to 0.48% in MCT, 3.27 million shares or 0.23% in WCT Holdings and 13 million shares or 0.96% in E&amp;O.</p></div>

<div class=newsTextDataWrapInner><p>UJSB first emerged as substantial shareholder of the companies on Dec 28, 2018, when it took over the stake from Lembaga Tabung Haji.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At its peak holdings, UJSB owned 133.48 million shares or a 9.16% of MCT, an 8.62% equity stake or 121.02 million shares in WCT Holdings, and 94.24 million shares or a 6.58% stake in E&amp;O.</p></div>

<div class=newsTextDataWrapInner><p>According to filings to the exchange, UJSB has been paring its stakes in the companies since mid-March.</p></div>

<div class=newsTextDataWrapInner><p>Shares in MCT closed up 1.5 sen or 11.1% at 15 sen, valuing the company at RM219 million, while WCT Holdings’ shares closed up 1 sen or 2.7% at 38.5 sen, for a market capitalisation of RM546 million.</p></div>

<div class=newsTextDataWrapInner><p>E&amp;O ended 0.5 sen or 1.4% higher at 37.5 sen, giving it a market capitalisation of RM546 million.</p></div>


Urusharta Jamaah Sdn Bhd (UJSB) is no longer a substantial shareholder of MCT Bhd, WCT Holdings Bhd and Eastern & Oriental Bhd (E&O), after paring its stake in the companies.

Exchange filings show the unit of the Ministry of Finance recently sold 7.05 million shares amounting to 0.48% in MCT, 3.27 million shares or 0.23% in WCT Holdings and 13 million shares or 0.96% in E&O.

Urusharta Jamaah Sdn Bhd ceases to be substantial shareholder of MCT, WCT Holdings and Eastern & Oriental

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