KUALA LUMPUR (June 5): The Employees Provident Fund (EPF) has emerged as a substantial shareholder of QL Resources Bhd (KL:QL), following its latest acquisition of shares in the poultry farming and feedstuff trading company.
The pension fund’s shareholding crossed the 5% disclosure threshold after it acquired nearly 36 million shares, equivalent to a 0.988% stake, on May 29, according to a bourse filing on Friday.
The share acquisition is estimated to be valued at RM12.96 million, based on QL Resources’ closing price of 36 sen on the day of the transaction.
In July 2024, the EPF ceased to be a substantial shareholder of QL Resources after the fund’s shareholding slipped below the 5% threshold following the sale of about 6.42 million shares.
The latest share buy increased the fund’s total stake in QL Resources to 5.761%, comprising 210.07 million shares.
QL Resources’ largest shareholders are CBG (L) Pte Ltd and Farsathy Holdings Sdn Bhd, who have a 40.33% and 11.6% stake respectively, and are investment vehicles controlled by executive chairman Dr Chia Song Kun and his family.
For its 2026 financial year (FY2026), QL Resources’ net profit slipped 1% to RM450.4 million while revenue was flat at RM7.05 billion.
Shares in QL Resources closed up one sen or 0.3% to RM3.65 on Friday, giving the group a market capitalisation of RM13.3 billion.