UBS emerges as BPlant substantial shareholder

BPlant said UBS had acquired 20.71 million shares in BPlant, or a 0.92% stake, on Nov 10, 2023, raising its interest to 5.21%.

PETALING JAYA: Swiss-based investment bank UBS Group AG has emerged as a substantial shareholder in Boustead Plantations Bhd (BPlant), which is in the midst of being taken private by the Armed Forces Fund Board (LTAT).

In a filing with Bursa Malaysia yesterday, BPlant said UBS had acquired 20.71 million shares in BPlant, or a 0.92% stake, on Nov 10, 2023, raising its interest to 5.21%, or 116.67 million shares.