Axiata shares up after EPF raises stake to 14.89%

PETALING JAYA: Shares in Axiata Group Bhd rose as much as 22 sen or 4% to close at RM5.70 yesterday, right after the Employees Provident Fund (EPF) upped its stake in the group to 14.89% from 14.72% upon receiving the former’s dividend reinvestment plan.

EPF now owns 1.33 billion shares in the company, after it received 30.3 million shares under the plan.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Axiata Group Bhd

Next In Business News
Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.