EPF raises stake in AXIS REIT

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KUALA LUMPUR (Dec 1): The Employees Provident Fund Board (EPF) has acquired an additional 12.71 million units of Axis Real Estate Investment Trust (AXIS REIT) on Nov 26, a filing to Bursa Malaysia revealed today.

The purchase increased EPF’s holdings in AXIS REIT to 68.22 million units or a 14.71% stake.

Axis REIT closed 5 sen lower at RM3.50 today, giving it a market capitalisation of RM1.62 billion.