The 43.5334 million shares he bought were part of Sedania’s plan announced last September to place out a stake of up to 20%, or 58 million shares. The EPF had a 5.37% stake, or 59 million shares, as at May 17 before it began taking some profit on its holdings. Separate filings show Kumpulan Wang Persaraan (KWAP) trimming its holdings to 4.53% after selling 26.032 million shares, or a 0.7% stake, on June 1. A May 28 filing shows the emergence of fund managers Fidelity Funds as a substantial shareholder of Muhibbah with 32.97 million shares, or a 6.82% stake, after the purchase of 8.88 million shares on May 17. That 6.82% stake is part of the 8.76% holdings that FIL Asia Holdings Pte Ltd is deemed interested in via four parties.

Source: The Edge Markets June 15, 2021 06:00 UTC