KWAP ceases to be Litrak’s substantial shareholder

KWAP ceases to be Litrak’s substantial shareholder
-A +A

KUALA LUMPUR (July 12): Retirement Fund Incorporated (KWAP) has ceased to be a substantial shareholder in Lingkaran Trans Kota Holdings Bhd (Litrak), after disposing of shares in the open market.

In a filing with Bursa Malaysia today, Litrak said the date of cessation was April 27, after KWAP disposed of 3.4 million shares in the open market. According to a filing dated May 12, KWAP was then left with a direct stake of 4.116% and an indirect interest of 0.369%.

KWAP has been trimming its stake in Litrak, since the end of October last year.

Today, Litrak’s share price closed 9 sen or 1.58% higher at RM5.79, giving the company a market capitalisation of RM3.03 billion.

Year-to-date, Litrak’s shares have risen 68.8%.