Malaysiakini NEWS

EPF lost RM203m from FGV stock investments

Published:  |  Modified:

The Employees Provident Fund (EPF) recorded a realised loss of RM203.18 million when it sold off its shares in Felda Global Ventures (FGV) last August.

The Finance Ministry, through a written parliamentary reply last Monday, however, said the EPF had made dividend income of RM105.77 million from its FGV shares.

"EPF will reduce or completely sell off its shares in companies that show continued decline in financial performance as well as weak management, after an analysis is conducted," the ministry said in explaining the fund's investment strategy...

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