KUALA LUMPUR (Oct 1): Kumpulan Wang Amanah Persaraan (Diperbadankan) (KWAP) has ceased to be a substantial shareholder of Malayan Banking Bhd (Maybank) after the retirement fund disposed a total of one million shares in the open market on Wednesday (Sept 29), its Bursa Malaysia filing showed on Friday.
Following the disposal, KWAP has 541.11 million shares or 4.63% direct interest in Maybank.
It also has 44.03 million shares or 0.38% indirect interest in the banking group.
According to the group’s annual report, the three largest shareholders of the banking group are Amanahraya Trustees Bhd — Amanah Saham Bumiputera with a 34.76% direct stake, followed by the Employees Provident Fund (EPF) with a 14.13% direct stake and Permodalan Nasional Bhd (PNB) with a 7.16% direct stake.
Shares in Maybank settled unchanged at RM8.05, giving it a market value of RM94.13 billion. Year-to-date, the stock had fallen 4.85% from RM8.46.