Markets
Permanent Mutual raises stake in Apex Equity
Ng Siew Yen | 30 Mar 2018 00:30
Permanent Mutual Holdings Sdn Bhd has raised its stake in Apex Equity Holdings Bhd to 7.73% after acquiring 3.45 million shares or a 1.7% stake, a Bursa Malaysia filing on March 28 shows.
 
The company had earlier saw a boardroom change with the appointment of Zulazman Zulkifli as executive director on the same day Lim Teck Seng resigned from that position, according to another Bursa filing on March 26.

On the same day, former Inspector-General of Police Tan Sri Khalid Abu Bakar was also appointed the company’s independent non-executive director. The counter closed at RM1.06 on March 29.

Apex Equity, which is engaged in investment and trading in marketable securities, also saw its net profit for Q4 ended Dec 31 rising slightly to RM3.15 mil (Q4FY16: RM3.14 mil).