KUALA LUMPUR (Aug 13): The Employees Provident Fund (EPF) has emerged as a substantial shareholder in Titijaya Land Bhd with a 5.35% stake.
Titijaya’s filing with Bursa Malaysia today showed that the retirement fund had bought a total of 18.27 million shares or a 5.17% stake in the property developer on Feb 4 and hence, emerged as a substantial shareholder.
EPF raised its stake to 5.372% on Feb 5 after acquiring 706,300 shares.
However, between July 28 and Aug 3, the fund had disposed of a total of 767,000 shares, which brought its total shareholdings in Titijaya Land to 5.35% or 18.9 million shares.
The price of these transactions were not disclosed in the filing.
Shares in Titijaya were untraded today. It last closed at RM1.70, for a market capitalisation of RM600.63 million.