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.
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