Markets
Canadian fund ups stake in Red Sena
Johnny Loh | 09 Feb 2018 00:30
Canada-based institutional investor, British Columbia Investment Management Corp (bcIMC), has emerged as a substantial shareholder in Red Sena Bhd.

A Feb 6 filing with Bursa Malaysia reveals that bcIMC acquired 19.1 million shares or a 1.91% stake in the special-purpose acquisition company, raising its stake to 6.89% from 4.98%.

Post-acquisition, bcIMC, which invests on behalf of public sector clients in British Columbia with a global portfolio of C$135.5 bil (RM422.69 bil), becomes the second largest shareholder of Red Sena.

Red Sena acquires companies engaged in the production, distribution, branding and marketing of branded packaged food and beverage products.