KWSG surfaces as Superlon substantial shareholder

KWSG surfaces as Superlon substantial shareholder
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KUALA LUMPUR (Nov 23): Kumpulan Wang Simpanan Guru-Guru (KWSG) has emerged as a new substantial shareholder of Klang-based thermal insulator manufacturer Superlon Holdings Bhd with a 5.76% direct stake.

In a filing with Bursa Malaysia today, Superlon said KWSG had on Oct 28 acquired 4.574 million shares in an off market deal. While the price transacted was not disclosed, shares of Superlon closed at RM2.35 on that day.

The counter lost seven sen or 2.7% to RM2.48 today, with 232,800 shares done, giving it a market capitalisation of RM196.9 million.

Superlon, which is largely owned by a Taiwanese family, produces 7,200 tonnes of thermal insulation material a year.