EPF now has 5% stake in UEM Sunrise

KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as a substantial shareholder of property development group UEM Sunrise Bhd.

A Bursa Malaysia filing yesterday showed that the EPF had on April 18 acquired 678,000 shares in a direct transaction. The price at which the shares were transacted was not disclosed.

Following the share acquisition, the EPF’s stake in UEM Sunrise now stands at 227.13 million shares or 5%.

This article first appeared in The Edge Financial Daily, on April 24, 2014.


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.