Tuesday, June 7, 2011

Tabung Haji buys 9.92% stake in Faber

KUALA LUMPUR: Lembaga Tabung Haji has emerged as a substantial shareholder in FABER GROUP BHD [] after it acquired 36 million shares or a 9.92% stake in the company.

In a filing Tuesday, June 7, Tabung Haji said that it acquired the shares on June 2 via an off-market transaction. Faber shares rose two sen to close at RM1.94 on June 2.

Khazanah Nasional is the largest shareholder in Faber with 34.29%, followed by Univ Trustee Malaysia Bhd with 22.6%, according to Bloomberg data.

Faber added two sen to RM1.84 on June 7.

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