Tuesday, January 18, 2011

SmallCap World Fund sells 1.85m Masterskill shares

KUALA LUMPUR: US-based SmallCap World Fund Inc reduced its shareholding in Masterskill Education Group Bhd to 5.48% after it disposed of 1.85 million shares on Jan 12 and 13.

A filing with Bursa Malaysia showed the fund disposed of 1.55 million shares on Jan 12 and 300,000 shares the next day.

After these transactions, SmallCap World Fund's stake was reduced to 5.48% or 22.45 million shares.

Recent filings showed that FMR LLC and FIL Ltd sold disposed of 2.42 million shares on Jan 6 and 1.33 million shares the next day, reducing its shareholding to 29.74 million shares or 7.26%.


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