KUALA LUMPUR (Oct 24): Chemical Company of Malaysia Bhd (CCM) saw the emergence of Lembaga Tabung Haji (LTH) as a substantial shareholder, with a 5.01% stake. The pilgrim fund board has subsequently raised its stake to 5.03%.

In a filing with Bursa Malaysia today, CCM said LTH had on Oct 16 this year, acquired 500,000 shares. The acquisition raised LTH's direct shareholding in CCM to 22.94 million shares, or 5.01%.

LTH had subsequently bought more CCM shares over the next few days. As of yesterday (Oct 23), LTH owned 5.03%  in the chemical and pharmaceutical outfit, according to CCM.

Today, CCM shares settled unchanged at RM1.10 at 12.30pm, giving it a market capitalisation of RM500.1 million.