EPF Sells Down Stake in Sunway Healthcare, Ceases to Be Substantial Shareholder
PETALING JAYA: Employees Provident Fund has reduced its shareholding in Sunway Healthcare Holdings Bhd, resulting in the retirement fund no longer being classified as a substantial shareholder in the company.
According to a filing with Bursa Malaysia, Sunway Healthcare disclosed that EPF disposed of one million shares on April 16. The shares were held under Citigroup Nominees (Tempatan) Sdn. Bhd.
The move comes shortly after Sunway Healthcare’s high-profile initial public offering (IPO), which raised nearly RM3 billion. The listing saw the issuance of close to two billion shares, drawing strong interest from institutional investors.
EPF was among more than 20 key institutional investors identified as cornerstone participants in the IPO, underscoring its role as a major backer during the company’s market debut.
Market data indicated that the institutional tranche of the offering was heavily oversubscribed, with demand exceeding supply by almost six times, reflecting strong investor confidence in the healthcare group’s growth prospects.
While the partial divestment reduces EPF’s influence as a shareholder, its remaining stake suggests continued interest in the company’s long-term performance.
Analysts note that such portfolio adjustments are typical for large institutional investors, which often rebalance holdings following major corporate exercises such as IPOs to optimise returns and manage risk exposure.
The development highlights ongoing activity in Malaysia’s capital markets, particularly within the healthcare sector, which has attracted heightened investor attention in recent years.
-wilayah.com.my
