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Real estate industry

Employees Provident Fund Board Disposes of AXIS REAL ESTATE INVESTMENT TRUST Units

Strategic Insights

— 1 min read

The Employees Provident Fund Board (EPF) has made significant changes in its substantial securities holdings in AXIS REAL ESTATE INVESTMENT TRUST. On August 27, 2024, the EPF disposed of 945,800 units of AXIS REAL ESTATE INVESTMENT TRUST, consisting of 600,000 units through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC and 345,800 units through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fd Bd (Amundi). This disposal has resulted in the EPF retaining a direct interest in 314,858,329 units, accounting for 18.018% of the total issued shares.

Key Takeaways:

  • The Employees Provident Fund Board (EPF) disposed of 945,800 units of AXIS REAL ESTATE INVESTMENT TRUST on August 27, 2024.
  • The disposal consisted of 600,000 units through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC and 345,800 units through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fd Bd (Amundi).
  • The EPF retained a direct interest in 314,858,329 units, representing 18.018% of the total issued shares.
  • The disposal was made pursuant to the EPF's investment objectives and risk management policies.
  • This development may have implications for the future direction of AXIS REAL ESTATE INVESTMENT TRUST and its shareholders.
  • The EPF's continued investment in AXIS REAL ESTATE INVESTMENT TRUST may be influenced by factors such as market performance and the trust's strategic goals.

Statistics:

  • 315,314,829 (314,858,329 + 600,000) total units of AXIS REAL ESTATE INVESTMENT TRUST owned by the EPF.
  • 18.018% of AXIS REAL ESTATE INVESTMENT TRUST shares held by the EPF directly.
  • 945,800 number of units disposed of by the EPF on August 27, 2024.
  • 600,000 units disposed of through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC on August 27, 2024.
  • 345,800 units disposed of through Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fd Bd (Amundi) on August 27, 2024.
  • 314,858,329 total units retained by the EPF after the disposal.

Sources:

  • Bursa Malaysia Stock Exchange (Changes in Sub. S-hldr's Int (Section 138 of CA 2016) AXIS REAL ESTATE INVESTMENT TRUST)
  • AXIS REAL ESTATE INVESTMENT TRUST website (Notice of Change in Substantial Shareholder)

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