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KUALA LUMPUR (April 14): The Employees Provident Fund (EPF) has ceased to become a substantial shareholder in Top Glove Corp Bhd after disposing of 3.08 million shares in the rubber glove manufacturer.

According to Top Glove's filing with Bursa Malaysia, EPF ceased to be a substantial shareholder in Top Glove last Tuesday (April 7).

Interestingly, the EPF had also ceased to be a major shareholder in rival glove maker Hartalega Holdings Bhd on Jan 23 this year after selling 4.1 million shares in the company, Hartalega’s Bursa filing shows.

At Bursa’s 12:30pm break today, Top Glove’s share price settled six sen or 0.9% higher at RM6.73 for a market capitalisation of RM17.23 billion based on the company's issued base of 2.56 billion shares.

Meanwhile, Hartalega shares were up seven sen or 0.94% at RM7.49 for a market value of RM25.32 billion. The company has an issued base of 3.38 billion shares.

http://www.theedgemarkets.com/article/epf-exits-top-glove-hartalega-substantial-shareholder
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