<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 2): Abrdn plc has emerged as a substantial shareholder in SKP Resources Bhd after purchasing 78.88 million shares or a 5.05% stake in the electronics manufacturing services (EMS) provider.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing on Friday, Abrdn bought 78.56 million shares (a 5.03% stake) in SKP on Jan 30, followed by another 320,400 shares (0.02%) on Jan 31.</p></div>

<div class=newsTextDataWrapInner><p>The transaction prices were not disclosed, but based on the respective days’ closing prices of 67 sen and 67.5 sen, Abrdn may have paid about RM52.85 million for the shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SKP shares have been on a decline since early 2023, having fallen 58.79% over a 12-month period — from RM1.63 on Feb 2, 2023 to 67 sen on Friday.</p></div>

<div class=newsTextDataWrapInner><p>With its 5.05% stake, Abrdn comes in as SKP’s fifth largest shareholder, behind the late Datuk Gan Kim Huat’s 40.23%, his son and SKP managing director Gan Poh San (21.39%), the Employees Provident Fund (9.1%) and the Retirement Fund Inc (KWAP) (8.74%).</p></div>

<div class=newsTextDataWrapInner><p>Shares in SKP ended half a sen or 0.74% lower to 67 sen, giving the company a market capitalisation of RM1.04 billion.</p></div>


Abrdn plc has emerged as a substantial shareholder in SKP Resources Bhd after purchasing 78.88 million shares or a 5.05% stake in the electronics manufacturing services (EMS) provider.

Abrdn emerges as substantial shareholder of SKP Resources

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<p>Five of the so-called “Bali Nine” prisoners were returned to Australia, more than 19 years after their arrests in a drug smuggling case that periodically damaged ties with Indonesia.</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>
