EPF disposes 5.52% of S P Setia shares

KUALA LUMPUR (July 9): S P Setia Bhd announced on Monday that the Employees Provident Fund (EPF) has disposed of 70,800 of ordinary shares, or a 5.52% stake, in the company.

In its annoucement to Bursa Malaysia, S P Setia said EPF disposed of its direct shares in the open equity market worth RM0.75 each. The company currently maintains 105.9 million shares.

In a seperate announcement, S P Setia said it will proceed with its exercise of listing 797,700 new ordinary shares worth RM0.75 each on the market.

The exercise will be granted listing and quotation with effect from 9am on Wednesday, July 11, 2012.