KUALA LUMPUR (Jan 26): The Employees Provident Fund board (EPF) has increased its stake in IOI Properties Group Bhd (IOI Prop) and emerged as one of the group's substantial shareholders, with 5.06%.

In a filing with Bursa, EPF bought 2.57 million shares on Jan 23 this year. 

As of closing on Jan 23, IOI Prop closed at RM2.10. With the transaction, EPF would hold 222.9 million shares in IOI Prop.

In the last one year, IOI Prop's share price has seen some momentum. The stock gained 4.15% to RM2.11, as of noon market today. — theedgemarkets.com

SHARE
SPONSORED CONTENT
FAR Capital makes ‘impossible’ rental returns, with data dispelling critics’ disbelief

Many observers look at the numbers FAR Capital Sdn Bhd have achieved and confidently declare that it is impossible for property buyers to cover their mortgage instalments with today’s unfavourable rental yields.

read more
RELATED POSTS
  1. IOI Properties secures conditional SC approval for proposed RM7.58 bil REIT listing
  2. IOI Properties to seek shareholders' approval on Aug 27 for S$1.2b Singapore acquisition
  3. WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m