KUALA LUMPUR: D & O Green Technologies Bhd saw its share price climb 2.06% in early trade Tuesday after the Employees Provident Fund (EPF) emerged as a substantial shareholder in the company.
The automotive light emitting diode (LED) maker added seven sen to RM3.47 at 10.08 am with 377,000 shares traded. Year-to-date, it has fallen over 19%.
The EPF has purchased 1.07 million shares or a 0.09% stake on Sept 20, which pushed it beyond the 5% threshold necessary to be deemed a substantial shareholder.
The purchase raised its shareholding in the company to 62.61 million shares or a 5.06% stake.