Wednesday 24 Apr 2024
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KUALA LUMPUR (Jan 14): Amanahraya Trustees Bhd-Amanah Saham Bumiputera has ceased to be a substantial shareholder in IOI Corp Bhd, after trimming its stake to 313.44 million shares or a 4.9% stake in the plantation group.

In a filing with Bursa Malaysia today, IOI Corp said Amanahraya has disposed of 313,900 IOI Corp shares on Jan 11 and a further 2 million shares on Jan 12.

Amanahraya is the third largest shareholder of IOI Corp, after Vertical Capacity Sdn Bhd, which controls 46.6%; and the Employees Provident Fund, which has a 8.8% stake in the group.

Year to date, IOI shares have fallen by 3.1% to close at RM4.32 today, for a market capitalisation of RM27.28 billion.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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