EPF ceases to be Yinson's substantial shareholder

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KUALA LUMPUR (July 3): The Employees Provident Fund (EPF) Board has ceased to be a substantial shareholder of Yinson Holdings Bhd, after the disposal of a 0.11% stake in the oil and gas offshore support service provider.

In a filing with Bursa Malaysia today, Yinson, which is exiting its logistics and trading business, revealed that the retirement fund had disposed of 1.1 million shares in the company for an undisclosed price on June 30, 2015.

Subsequent to the latest disposal, EPF's shareholding in Yinson has been reduced from 5.01% to 50.65 million shares or 4.91%.

In June alone, EPF had unloaded 8.64 million shares or a 0.84% stake in Yinson.

Yinson's (fundamental: 1.5; valuation: 1.5) shares closed unchanged at RM3.06 today, giving it a market capitalisation of RM3.16 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.)