KUALA LUMPUR (May 13): Sime Darby Plantation Bhd saw its foreign shareholding jump to 10.31% in April 2022, the highest since March 2020.

According to an update on the company's website, its foreign shareholding rose 83 basis points from 9.48% in March to reach the current level.

The company’s foreign shareholding previously hit a record low of 8.94% in January 2022 — which was also hit in July 2021 — according to the foreign shareholding chart which dates back to December 2017.

The company’s foreign shareholding has been on an upward trend since January’s low as it rose to 9.24% in February, 9.48% in March and subsequently to the two-year high of 10.31% in April.

In March 2020, the company’s foreign shareholding stood at 10.34%.

Sime Darby Plantation’s major shareholders include Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF), which owned a 55.99% stake and 13.8% respectively as at April 28, 2022.

At 2.26pm on Friday (May 13), the stock was 20 sen or 4.08% higher at RM5.10, giving the company a market capitalisation of RM35.27 billion.