KUALA LUMPUR (March 29): Matthews International Capital Management LLC has ceased to be a substantial shareholder of TOP GLOVE CORPORATION BHD [] after it disposed of 1.50 million shares on Wednesday.
Filings to Bursa Malaysia showed the US fund manager disposed of the shares in the open market, reducing its shareholding below the 5% level to be a substantial shareholder.
Matthews International had disposed of 47,100 shares on March 26 and 391,600 shares the next day. This saw the shareholding reduced to 31.127 million shares or 5.0316%.
Filings to Bursa Malaysia showed the US fund manager disposed of the shares in the open market, reducing its shareholding below the 5% level to be a substantial shareholder.
Matthews International had disposed of 47,100 shares on March 26 and 391,600 shares the next day. This saw the shareholding reduced to 31.127 million shares or 5.0316%.
