Posted on 01 Apr 2020
The Ministry of Finance’s special purpose vehicle (SPV), Urusharta Jamaah Sdn Bhd, has ceased to be substantial shareholder of CSC Steel Holdings Bhd, after selling 507,000 shares or a 0.13% stake in the listed company.
Urusharta Jamaah first emerged as a substantial shareholder of CSC Steel on Dec 28, 2018, when it took over the stake from Lembaga Tabung Haji. It owned a total of 27.28 million CSC Steel’s shares, amounting to a 7.38% stakes.
According to Bursa filings, Urusharta Jamaah started to pare its stake in CSC Steel since March 6.
Shares of CSC Steel closed up 0.5 sen or 0.8% today at 60.5 sen. Year-to-date, the stock has fallen 42.9%.
Source:The Edge
