KWAP increases stake in VS Industry to 5.3%

KWAP increases stake in VS Industry to 5.3%
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KUALA LUMPUR (Nov 10): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has raised its stake in VS Industry Bhd to a substantial 5.3%.

In a filing to Bursa Malaysia today, VS Industry said KWAP had purchased 1.96 million of its shares on Nov 7 and a further 2.7 million shares on Nov 8, bringing its total shareholdings in the company to 66 million shares, representing a substantial 5.3% stake.

The retirement fund is now the fourth largest shareholder in VS Industry after executive chairman Datuk Beh Kim Ling, managing director Datuk Gan Sem Yam and executive director Datin Gan Chu Cheng.

VS Industry shares closed down 3 sen or 0.97% today to RM3.07, and for a market capitalisation of RM3.8 billion.