KWAP raises stake in Media Prima

  • Business
  • Thursday, 22 Apr 2010

KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) has increased its stake in Media Prima Bhd to 56.139 million shares, or close to 6%, after recently acquiring 4.45 million shares.

According to filings with Bursa Malaysia yesterday, KWAP had purchased 2.44 million shares from April 7 to 8, one million shares on April 9 and 1.01 million shares from April 12 to 13.

A separate filing showed long-time investor Harris Associates LP disposing 1.2 million Media Prima shares from April 13 to 16, reducing its stake to 5.74%, or 54.296 million shares.

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