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Wednesday, June 13, 2012

EPF buys 5.04% stake in YNH

KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as a substantial shareholder in YNH Property Bhd with an effective interest of 5.04% in the property company.

The EPF bought 20.74 million of YNH's shares on June 6, circulars issued to Bursa Malaysia showed.

Scotland-based Aberdeen Asset Management PLC had also acquired an additional 588,500 shares of YNH on June 5, increasing its stakes to 12.81%, documents showed.

By The Star

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