KUALA LUMPUR (July 29): Minister of Finance Inc (MoF) has ceased to be a substantial shareholder of Bursa Malaysia Bhd, after it disposed of 86.2 million shares in the stock exchange operator.

According to Bursa's filing today, MoF had disposed of the shares today, via a direct business transaction with Kumpulan Wang Persaraan (Diperbadankan) (KWAP).

With the acquisition, KWAP now holds some 105.83 million shares, equivalent to a 19.8% stake in Bursa (fundamental: 2.3; valuation: 2.1).

Bursa shares closed unchanged at RM8.08, giving it a market capitalisation of RM4.32 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)