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2021-09-18 15:21 | Report Abuse
KUALA LUMPUR (Sept 15):
The Employees Provident Fund
(EPF) has ceased to be a substantial
shareholder of Cahya
Mata
Sarawak
Bhd (CMSB),
its Bursa
Malaysia
filing
showed
today.
The provident fund’s stake in
the group dropped below 5% after
it disposed of a total of 1.8 million
shares on Sept 10.
Previously on Aug 26, the
EPF disposed of 798,600 shares
in CMSB, reducing its stake to
5.12% or 54.98 million shares in
the group.
Based on back-of-the-envelope
calculations, the latest transaction
on Sept 10 leaves EPF with 53.18
million shares in CMSB.
The group recently in June
this year reshuffled the members
of its audit committee, as well as
its nomination and remuneration
committee.
This came amid allegations
of conflict of interest in terms of
awarding contracts and possible
financial mismanagement among
its top executives.
The group also said previous-
ly that its independent consultant
KPMG Management & Risk Consulting
Sdn
Bhd
(KPMG
MRC)
—
which was
appointed in June to
review
the group’s
financial management
of certain
investments
and
contracts — has completed
its
reports.
However, the legal investigations
of the investments
and
contracts
are still ongoing,
it added.
Shares in CMSB finished one
sen or 0.75% lower to RM1.32,
giving it a market value of RM1.42
billion. It saw 3.45 million shares
traded today.
Year to date, the stock has fallen
by 38.6% from RM2.15 recorded
in early January this year.
Stock: [PANTECH-WB]: PANTECH GROUP HOLDINGS BERHAD - WARRANTS B 2016/2021
2021-10-23 09:30 | Report Abuse
Does anyone know when is the last day trading ?