share_log

EPF Disposes Three Million Shares In Public Bank

Business Today ·  Oct 27 09:11

The Employees Provident Fund which holds direct interest of over 2.9 billion units in Public Bank Berhad, had disposed 3.4 million units of the banking group's shares on 22 October at RM4.57.

The disposal is part of EPF's usual acquiring and disposing process, however the timing comes after the bank made a major announcement recently on the stake acquisition on its sister company LPI Capital. Market has been mixed on the proposal, with some accept the potential synergy both can command, while soma are arguing the price offered seem to low.

However, post the disposal by EFP on Tuesday, the share price of Public Bank ended 3.5% lower for the week closing at RM4.41 on Friday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment