News about EPF

KUALA LUMPUR (Feb 4): Permodalan Nasional Bhd (PNB), one of the substantial shareholders of IJM Corporation Bhd (KL:IJM), will evaluate the takeover offer for the construction company before making any decision, Deputy Prime Minister Datuk Seri Fadillah Yusof (pictured) said on Wednesday.

Kenanga IB highlighted the strategic location of the lands—about 1.

PNB and the EPF, in a joint statement on Wednesday, reaffirmed their commitment to the project, citing their confidence in its prospects and potential upside.

The sale reduced EPF’s shareholding in the property developer to 4.

The land, it said, "can serve as an enlarged hub" for the Malaysian Research Accelerator for Technology & Innovation (MRANTI) Park, which is located 1.

The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.

The properties are part of 24 properties that CIMB Bank has been leasing from EPF under a sale and leaseback agreement dated Dec 30, 2009, which is set to expire on June 30 this year.

Following the acquisition, EcoWorld Malaysia will fully consolidate Paragon Pinnacle’s balance sheet — instead of the 60% share of results previously.

The Ministry of Finance (MOF) said the provision was attributed to EPF’s 20% stake in the JV firm Battersea Project Holding Company Ltd (BPHCL).

"We were caught by surprise (with the mandatory EPF contribution).