news

EPF buys 24.75 million MRCB shares

KUALA LUMPUR: The Employees Provident Fund Board (EPF) had stepped up its acquisition of shares in Malaysian Resources Corp Bhd (MRCB), acquiring another 24.75 million shares last Friday, March 5.

A filing with Bursa Malaysia on Monday (March 8) showed the shares were acquired at an average price of RM1.479 each.

Last Wednesday, the EPF extended a conditional general offer (GO) of RM1.50 cash per share for the 66.2% of MRCB that it does not own after the rights issuance exercise. The following day, it acquired 9.4 million MRCB shares.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE