PETALING JAYA: The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Sunway Construction Group Bhd
(SunCon), according to a Bursa Malaysia filing.
SunCon said this follows the disposal of 20 million shares on July 14 that were managed by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC.
Following the disposal, the EPF's stake in SunCon has dipped to 4.27%, which is below the 5% threshold required to be deemed a substantial shareholder.
