THREE government-controlled investment agencies – Lembaga Tabung Haji (LTH), the Employees Provident Fund (EPF) and Kumpulan Wang Amanah Pencen (KWAP) – are in for a windfall of as much as RM624mil following the sharp rise in Maxis Communications Bhd's share price over the last few weeks.
The three institutions, which took up 260 million Maxis shares in a private placement in May, will be laughing all the way to the bank if the gains are realised.
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