Urusharta trims equity in Eversendai


PETALING JAYA: Urusharta Jamaah Sdn Bhd, a wholly-owned unit of Minister of Finance Inc, has ceased to be a substantial shareholder of Eversendai Corp Bhd, barely a day after the stock surged by 90% last Wednesday.

Eversendai informed the stock exchange yesterday that Urusharta has sold 10 million shares on March 14. Prior to the sale, Urusharta owned about 40.29 million shares or a direct stake of 5.16%.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read