EPF and others buy stakes in Reach Energy

PETALING JAYA: The Employees Provident Fund (EPF), Retirement Fund Inc (KWAP) and Credit Suisse Group AG, which have been mopping up shares in special purpose acquisition company (SPAC) Reach Energy Bhd have accumulated stakes of 3.6%, 1.94% and 3.03% respectively as of Nov 30.

Switzerland-based Credit Suisse has also emerged as a substantial shareholder in another SPAC, CLIQ Energy Bhd, with a 5.024% stake.