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.