KUALA LUMPUR: The Employees Provident Fund Board (EPF) has emerged as a substantial shareholder in SKP Resources Bhd
with a 5.01% stake.
A filing with Bursa Malaysia on Friday showed the EPF had bought 700,000 shares or 0.063% of the plastic moulding company, which is located in Johor, on Wednesday.
The recent acquisition saw its shareholding increase to 55.73 million shares and triggering the 5% level as substantial shareholder.
In September 2015, SKP Resources disclosed its five-year contract from its existing customer Dyson Ltd was worth RM600mil a year.
It told Bursa Malaysia that the tenure was for five years and valuing the contract at RM3bil.
The contract is for manufacturing Dyson’s cordless vacuum cleaners and it was scheduled to start in January 2016.
SKP, one of Dyson’s contract manufacturers in Malaysia, assembles a range of Dyson products, including upright vacuum cleaners, hand dryers and bladeless fans.
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