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PETALING JAYA: The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Media Prima Bhd, which owns TV3 and the NSTP Group among others.
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This follows its most recent disposal of 17.6 million shares in the media company on April 23.
According to the Bursa Malaysia website, the retirement fund held an 11.6% stake in Media Prima as of April 8, 2020, with over 129 million shares.
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However, EPF has been steadily disposing of millions of shares since then.
On April 22, before its most recent disposal of shares, EPF disposed of nine million shares, leaving it with a 5.21% stake in Media Prima. – FMT