KUALA LUMPUR: Global wealth manager UBS Group AG has ceased to be a substantial shareholder of YTL Corporation Bhd after it sold 14.8 milion shares in the company.
The disposal cuts its stake in the company to below the five per cent substantial shareholder threshold.
The shares were disposed on May 31, 2024 when the stock closed at RM3.59 a share.
At midday break, YTL Corp's share price was unchanged at RM3.59, giving it a market capitalisation of RM39.69 billion.
As of April 30 this year, YTL Corp's shares were among the benchmark index FBM KLCI's top three gainers.
Its unit YTL Power International Bhd was among the top three.
As of the period, YTL's market surged 136.9 per cent to RM40.78 billion from RM17.21 billion on Nov 23 last year.