Wednesday, September 8, 2010

Boston fund ceases to be Zelan substantial shareholder

KUALA LUMPUR: Boston-based fund Grantham, Mayo, Van Otterloo Co. LLC has ceased to be a substantial shareholder of Zelan Bhd after the sale of 561,100 shares on Sept 2.

A filing with Bursa Malaysia on Wednesday, Sept 8 showed the fund manager had disposed of the shares pursuant to an emerging markets portfolio investment for an Irish mutual fund.

The recent disposal showed its shareholding was reduced to 27.76 million shares or 4.92%.

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