Home Capital Medtech

Malaysia’s EPF trims stake in Top Glove

Lim Hui Jie
Lim Hui Jie9/1/2021 07:36 PM GMT+08  • 1 min read
Malaysia’s EPF trims stake in Top Glove
Malaysia’s EPF has sold off 47,100 shares in Top Glove on Aug 27, leaving it with a 6.22% stake.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Malaysia’s Employment Provident Fund (EPF) has sold off 47,100 shares in Top Glove on Aug 27.

According to filings on SGX on Sept 1, the EPF, which is a federal statutory body under Malaysia's Ministry of Finance, now holds over 498 million shares, or 6.22% of Top Glove after the disposal.

The consideration for the disposal was not revealed.

In April 2021, Bloomberg reported that foreign investors are buying into Malaysian counters like Top Glove after the selloff.

See more: Foreign investors are buying Top Glove, Supermax again after selloff

Top Glove was among the top three stocks on foreigners’ buy list in 2021 through April 2, which attracted net inflows of RM1.4 billion ($0.45 billion), according to CGS-CIMB Research

Shares of Top Glove closed flat at $1.29 on Sept 1.

Photo: Bloomberg

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.